Legal Opinion
Wishon-Watson Co. v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 14, 1933No. 7055PublishedCited by 8 opinions
1Opinion of the Court
GARRECHT, Circuit Judge.
This is an appeal from a decision of the United States Board of Tax Appeals hold-' ing that petitioner is not entitled to deductions for losses claimed as a result of an alleged sale of certain of its assets to two members (a majority) of its board of directors, for the reason that petitioner has failed to show that the transfer was an actual bona fide sale.
The material facts found by the Board of Tax Appeals are as follows:
Petitioner, a California corporation with its principal place of business at Fresno, for a number of years prior to December 26, 1925, was the…
2Cases cited6 opinions
- Western States Life Ins. Co. v. LockwoodCalifornia Supreme Court · 1913
- Kendrick Coal & Dock Co. v. Com'r of Internal RevenueCourt of Appeals for the Eighth Circuit · 1928
- Budd v. CommissionerCourt of Appeals for the Third Circuit · 1930
- Conrad & Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1931
- First Sav. Bank of Ogden v. BurnetCourt of Appeals for the D.C. Circuit · 1931
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Commissioner of Internal Revenue v. Proctor ShopCourt of Appeals for the Ninth Circuit · 1936
- Du Pont v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1941
- Helvering v. WardCourt of Appeals for the Eighth Circuit · 1935
- Piccard v. Sperry CorporationDistrict Court, S.D. New York · 1943
- Cass v. HelveringCourt of Appeals for the Eighth Circuit · 1936
3 more not listed; retrieve them via the Exa API.