Legal Opinion
Helvering v. Alabama Asphaltic Limestone Co.
Supreme Court of the United States
Decided February 2, 1942No. 328PublishedCited by 277 opinions
1Opinion of the CourtJustice Douglas
Respondent, in 1931, acquired all the assets of Alabama Rock Asphalt, Inc., pursuant to a reorganization plan consummated with the aid of the bankruptcy court. In computing its depreciation and depletion allowances for the year 1934, respondent treated its assets as having the same basis which they had in the hands of the old corporation. The Commissioner determined a deficiency, computed on the price paid at the bankruptcy sale. The Board of Tax Appeals rejected the position of the Commissioner. 41 B. T. A. 324. The Circuit Court of Appeals affirmed. 119 F. 2d 819. We granted the petition…
2Cases cited13 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- LeTulle v. ScofieldSupreme Court of the United States · 1940
8 more not listed; retrieve them via the Exa API.
3Cited by277 opinions
- Claridge Apartments Co. v. CommissionerSupreme Court of the United States · 1944
- Helvering v. Cement Investors, Inc.Supreme Court of the United States · 1942
- J. E. Davant and Kathryn Davant v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. J. E. Davant and Kathryn DavantCourt of Appeals for the Fifth Circuit · 1966
- King Enterprises, Inc. v. The United StatesUnited States Court of Claims · 1969
- Heller v. CommissionerUnited States Tax Court · 1943
272 more not listed; retrieve them via the Exa API.