Legal Opinion
Texas-Empire Pipe Line Co. v. Commissioner of Int. Rev.
Court of Appeals for the Tenth Circuit
Decided March 23, 1942No. 2376PublishedCited by 11 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals.
Two questions are presented: (1) whether the Texas-Empire Pipe Line Company1 realized a taxable gain upon the liquidation of its wholly-owned subsidiary corporation, the Texas-Empire Pipe Line Company of Illinois,2 on December 1, 1932, and if so, the amount of that gain; (2) whether the dividend in the amount of $312,-572.50, which the subsidiary declared and paid on November 30, 1932, was an ordinary or a liquidating dividend.
The facts are. not in dispute except as to the value of the assets liquidated.
I…
2Cases cited27 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- The Minnesota Rate CasesSupreme Court of the United States · 1913
- Arizona Grocery Co. v. Atchison, Topeka & Santa Fe Railway Co.Supreme Court of the United States · 1932
- Buck v. KuykendallSupreme Court of the United States · 1925
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
22 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- Commissioner of Int. Rev. v. Texas-Empire Pipe Line Co.Court of Appeals for the Tenth Circuit · 1949
- Herbert A. Nieman & Co. v. CommissionerUnited States Tax Court · 1959
- Buscaglia v. Tribunal de Contribuciones de Puerto RicoSupreme Court of Puerto Rico · 1949
6 more not listed; retrieve them via the Exa API.