Legal Opinion
Pebble Springs Distilling Co. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 4, 1956No. 11397_1PublishedCited by 24 opinions
1Opinion of the Court
SWAIM, Circuit Judge.
This is an appeal from a decision of the Tax Court of the United States which held that Pebble Springs Distilling Co., the petitioner herein, did not sustain a loss which the petitioner claimed resulted from the sale during 1948 of certain of its noninventory assets to another corporation, the Old Peoria Building Corporation, hereafter referred to as Old Peoria. All of the stock of the latter corporation was owned by the petitioner’s principal stockholders, or members of their families, who owned sufficient stock in the petitioner to exercise control over it. Most of the…
2Cases cited7 opinions
- Lewis v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1949
- Morley Cypress Trust, Schedule "B" v. CommissionerUnited States Tax Court · 1944
- Ketler v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1952
- Reilly Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Becher v. CommissionerCourt of Appeals for the Second Circuit · 1955
2 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- 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
- Pridemark, Inc. v. CommissionerUnited States Tax Court · 1964
- Reef Corporation v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Reef CorporationCourt of Appeals for the Fifth Circuit · 1966
- Gallagher v. CommissionerUnited States Tax Court · 1962
- Wilson v. CommissionerUnited States Tax Court · 1966
19 more not listed; retrieve them via the Exa API.