Legal Opinion
UNITED PUBLISHERS'CORPORATION v. Anderson
District Court, S.D. New York
Decided July 7, 1930PublishedCited by 5 opinions
1Opinion of the Court
PATTERSON, District Judge.
This is an action to recover the sum of $20,136.49, arising out of income tax for the fiscal year ending April 30, 1923. Most of the facts have been stipulated. It was also stipulated that the case he tried by a jury of one, and both sides have moved for a directed verdict.
In the period 1917-1921 the plaintiff acquired the entire capital stock of Journal of Commerce Company at an aggregate price of $180,226.50. During the year fending April 30, 1922, it advanced to this subsidiary $80,-865.35. In May, 1922, it sold its entire holdings in the subsidiary to outside…
2Cases cited1 opinion
- Remington Rand, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
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- Aluminum Goods Mfg. Co. v. CommissionerCourt of Appeals for the Seventh Circuit · 1932
- Hernandez v. Charles Ilfeld Co.Court of Appeals for the Tenth Circuit · 1933
- Wilmington Steamboat Co. v. SturgessDistrict Court, D. New Jersey · 1931