Legal Opinion
Commissioner v. Palm Springs Holding Corp.
Court of Appeals for the Ninth Circuit
Decided May 14, 1941No. 9661PublishedCited by 5 opinions
1Opinion of the Court
MATHEWS, Circuit Judge.
These are petitions to review a decision of the Board of Tax Appeals redetermining1 claimed deficiencies in respect of income and excess profits taxes of Palm Springs Holding Corporation (hereafter called the taxpayer) for the taxable year ended May 31, 1936.
In May, 1932, the taxpayer acquired bonds of Palm Springs Hotel Company, a corporation (hereafter called the Hotel Company), of the face value of $292,000. The bonds were secured (1) by a mortgage on real property owned by the Hotel Company and leased by it to Palm Springs Hotel Operating Company,1 a corporation…
2Cases cited8 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Commissioner of Internal Revenue v. KitselmanCourt of Appeals for the Seventh Circuit · 1937
- Commissioner of Internal Revenue v. Newberry Lumber & Chemical Co.Court of Appeals for the Sixth Circuit · 1938
- Commissioner v. Southwest Consol. Corp.Court of Appeals for the Fifth Circuit · 1941
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Palm Springs Holding Corp. v. CommissionerSupreme Court of the United States · 1942
- D. W. Klein Co. v. CommissionerCourt of Appeals for the Seventh Circuit · 1941
- Rotenberg v. SheehanDistrict Court, E.D. Missouri · 1943
- Freedman v. Philadelphia Terminals Auction CompanyDistrict Court, E.D. Pennsylvania · 1961