Legal Opinion
Commissioner of Internal Revenue v. Ashland Oil & Refining Co.
Court of Appeals for the Sixth Circuit
Decided November 18, 1938No. 7541, 7542PublishedCited by 99 opinions
1Opinion of the Court
SIMONS, Circuit Judge.
Upon the petition of the taxpayer, Swiss Oil Corporation, now merged with others under the name Ashland Oil & Refining Company, we have two principal questions to decide. The first is whether the taxpayer in 1926 by liquidating another corporation, the stock of which it wholly owned, realized gain, notwithstanding an original purpose to acquire the liquidated corporation’s properties, and not its stock. The second involves the correctness of the Board of Tax Appeals’ determination of cost of the stock as a base for computing depletion. Upon the Commissioner’s petition,…
2Cases cited13 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Helvering v. BashfordSupreme Court of the United States · 1938
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- Ahles Realty Corp. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1934
8 more not listed; retrieve them via the Exa API.
3Cited by99 opinions
- Palmer v. CommissionerUnited States Tax Court · 1974
- Kanawha Gas & Utilities Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1954
- Television Industries, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Western Wine & Liquor Co. v. CommissionerUnited States Tax Court · 1952
94 more not listed; retrieve them via the Exa API.