Legal Opinion
Golden Cycle Corporation v. Com'r of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided July 30, 1931No. 332PublishedCited by 11 opinions
1Opinion of the CourtMcDERMOTT, Circuit Judge
(after stating the facts as above).
At the threshold of this ease stands the question of the interpretation of the transaction of January 15, 1917. The Pikes Peak Consolidated Fuel Company was organized that day; to it the Cycle Corporation transferred properties worth $1,350,000 and received therefor stock worth that amount. These properties had cost about $200,000. If the Consolidated Company was not affiliated within the meaning of the 1917 regulations —if it was a legal stranger as petitioners contend — then there was a realized profit in the transaction of more than a million dollars, a…
2Cases cited14 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Bowers v. Kerbaugh-Empire Co.Supreme Court of the United States · 1926
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
9 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Estate of Harry M. Liggett, Deceased Lucille W. Liggett, and Lucille W. Liggett v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
- Commissioner of Internal Revenue v. Liberty Nat. Co.Court of Appeals for the Tenth Circuit · 1932
- Motter v. PattersonCourt of Appeals for the Tenth Circuit · 1933
- Steele-Wedeles Co. v. Commissioner of Int. Rev.Court of Appeals for the Seventh Circuit · 1933
- Wilson v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1935
6 more not listed; retrieve them via the Exa API.