Legal Opinion
Commissioner of Internal Revenue v. Joseph E. Seagram & Sons, Inc.
Court of Appeals for the Second Circuit
Decided April 23, 1968No. 31352_1PublishedCited by 23 opinions
1Opinion of the Court
BARTELS, District Judge:
The Commissioner of Internal Revenue appeals the decision of the Tax Court holding that Julius Kessler Distilling Co., Inc., a wholly-owned subsidiary of Joseph E. Seagram & Sons, Inc., was not required to maintain Seagram’s “LIFO” inventory layer dates in its inventory accounting for inventory received by Kessler from Seagram in a tax-free transaction where both corporations were using the LIFO method of accounting.
The material facts are not in dispute. Seagram is an Indiana corporation engaged in distilling, blending and bottling liquors, and Kessler is a Kentucky…
2Cases cited14 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- United States v. AndersonSupreme Court of the United States · 1926
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
- Caldwell v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. CaldwellCourt of Appeals for the Second Circuit · 1953
9 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Prabel v. CommissionerUnited States Tax Court · 1988
- Thor Power Tool Co. v. CommissionerUnited States Tax Court · 1975
- Auburn Packing Co. v. CommissionerUnited States Tax Court · 1973
- All-Steel Equipment, Inc. v. CommissionerUnited States Tax Court · 1970
- Louisville and Nashville Railroad Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1981
18 more not listed; retrieve them via the Exa API.