Legal Opinion
Broadview Lumber Co. v. United States
Court of Appeals for the Seventh Circuit
Decided August 29, 1977No. Nos. 76-2100, 76-2101, 76-2159 and 76-2160PublishedCited by 8 opinions
1Opinion of the Court
JAMESON, Senior District Judge:
This appeal involves the tax consequences of a merger of a parent corporation into its subsidiary, brought about by the subsidiary’s purchase of the parent’s stock with insurance proceeds received from the involuntary conversion of the subsidiary’s assets through fire. The taxpayer, Broadview Lumber Company, brought two suits to recover federal income taxes — one (No. 73 F 104) to recover taxes paid for its taxable years 1967, 1968 and 1969 in the amount of $51,900.06, and the other (No. 73 F 105) to recover taxes paid in its capacity as successor in interest by…
2Cases cited28 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Kimbell-Diamond Milling Co. v. Comm'rUnited States Tax Court · 1950
- Kimbell-Diamond Milling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Maguire v. CommissionerSupreme Court of the United States · 1941
23 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Solitron Devices, Inc. v. CommissionerUnited States Tax Court · 1983
- Chrome Plate, Inc. v. District Director of Internal RevenueDistrict Court, W.D. Texas · 1977
- International State Bank v. CommissionerUnited States Tax Court · 1978
- Continental Bankers Life Ins. Co. v. CommissionerUnited States Tax Court · 1989
- Broadview Lumber Co., Inc., Plaintiff-Appellant-Cross-Appellee v. United States of America, Defendant-Appellee-Cross-Appellant. Broadview Lumber Co., Inc., Successor-In-Interest by Statutory Merger to Allen County Lumber Co., Inc., Plaintiff-Appellant-Cross-Appellee v. United States of America, Defendant-Appellee-Cross-AppellantCourt of Appeals for the Seventh Circuit · 1977
3 more not listed; retrieve them via the Exa API.