Legal Opinion
Helvering v. Cement Investors, Inc.
Supreme Court of the United States
Decided June 1, 1942No. Nos. 644—646PublishedCited by 130 opinions
1Opinion of the CourtJustice Douglas
The issue presented by these cases is whether, under § 112(b)(5) of the Revenue Act of 1936 (49 Stat. 1648, 1678, 26 U. S. C. § 112 (b) (5)), the gain of the taxpayers from the transactions in question should be recognized.
The taxpayers owned first mortgage bonds of Colorado Industrial Co., which was a wholly-owned subsidiary of the Colorado Fuel and Iron Co. The bonds were guaranteed both as to principal and interest by the parent company. After defaults on these bonds, and on other bonds issued by the parent company, each company filed a petition under § 77B of the Bankruptcy Act. A plan of…
2Cases cited8 opinions
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- Helvering v. WoodSupreme Court of the United States · 1940
- Portland Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
- PA Birren & Son v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Seventh Circuit · 1940
3 more not listed; retrieve them via the Exa API.
3Cited by130 opinions
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- Claridge Apartments Co. v. CommissionerSupreme Court of the United States · 1944
- Wendland v. CommissionerUnited States Tax Court · 1982
- Ernst Kern Co. v. CommissionerUnited States Tax Court · 1942
- Central Pa. Sav. Ass'n v. CommissionerUnited States Tax Court · 1995
125 more not listed; retrieve them via the Exa API.