Legal Opinion
John J. Grier Co., a Corporation v. United States
Court of Appeals for the Seventh Circuit
Decided February 17, 1964No. 14341PublishedCited by 25 opinions
1Opinion of the Court
ENOCH, Circuit Judge.
The government has appealed from a judgment of the United States District Court in favor of the taxpayer, plaintiffappellee, John J. Grier Co. (hereinafter called “Grier”). The District Court held (in an opinion published at 216 F.Supp. 928) that the sale in 1959 by Grier of all the capital stock of its subsidiary Evergreen Supper Club, Inc. was the sale of a non-capital asset, resulting in an ordinary loss deduction. The government’s view is that the loss resulted from the sale of a capital asset and as a capital loss is deductible only to the extent of Grier’s capital…
2Cases cited11 opinions
- 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
- Commissioner of Internal Revenue v. Ashland Oil & Refining Co.Court of Appeals for the Sixth Circuit · 1938
- Kanawha Gas & Utilities Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1954
- Commissioner of Internal Revenue v. The Bagley & Sewall Co.Court of Appeals for the Second Circuit · 1955
6 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- In the Matter of Roger Roy Larson and Joan Rosemary Larson, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1988
- W. W. Windle Co. v. CommissionerUnited States Tax Court · 1976
- University Properties, Inc. v. CommissionerUnited States Tax Court · 1966
- Union Pacific Railroad v. United StatesUnited States Court of Claims · 1975
- Hoover Co. v. CommissionerUnited States Tax Court · 1979
20 more not listed; retrieve them via the Exa API.