Legal Opinion
Vermont Transit Co., Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided January 21, 1955No. 22824_1PublishedCited by 22 opinions
1Opinion of the Court
CLARK, Chief Judge.
Petitioner asks review of a decision of the Tax Court of the United States, reported at 19 T.C. 1040, holding it taxable on all income earned in 1942 and 1943 from the operation of its busses pursuant to certain franchises acquired by it in 1941 from Frontier Coach Lines, Inc. It contests the interpretation given by the Commissioner and the Tax Court to the agreement of purchase and sale between it and Frontier. That agreement conveyed the franchises to petitioner outright, but provided that part of the consideration therefor should consist of earnings from the franchises…
2Cases cited13 opinions
- Burnet v. LoganSupreme Court of the United States · 1931
- Anderson v. HelveringSupreme Court of the United States · 1940
- Thomas v. PerkinsSupreme Court of the United States · 1937
- De Guire v. HigginsCourt of Appeals for the Second Circuit · 1947
- Bettendorf v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1931
8 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Dustin v. CommissionerUnited States Tax Court · 1969
- Radio Station WBIR, Inc. v. CommissionerUnited States Tax Court · 1959
- Olin Bryant and Vanell Bryant v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1968
- Bryant v. CommissionerUnited States Tax Court · 1966
- Commissioner of Internal Revenue v. Charles H. Remer and Dorothy A. RemerCourt of Appeals for the Eighth Circuit · 1958
17 more not listed; retrieve them via the Exa API.