Legal Opinion

Commissioner of Internal Revenue v. Newberry Lumber & Chemical Co.

Court of Appeals for the Sixth Circuit

Decided February 11, 1938No. 7381, 7382PublishedCited by 16 opinions

1Opinion of the Court

MOORMAN, Circuit Judge.

The Charcoal Iron Company of America was a corporation owning lands and engaged in operating sawmills and mines in the Upper Peninsula of Michigan. Among its liabilities was an issue of outstanding first mortgage bonds. Being unable to meet the obligations of the bonds, it was placed in a receivership in the United States District Court for the Western District of Michigan in March of 1926. The receivers operated the property of the company for three years, during which time certain of its properties were sold and the proceeds accounted for to the court. In May of 1929…

2Cases cited5 opinions

  1. Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
  2. Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
  3. John A. Nelson Co. v. HelveringSupreme Court of the United States · 1935
  4. Helvering v. WattsSupreme Court of the United States · 1935
  5. De Blois v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1929

3Cited by16 opinions

  1. Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
  2. Helvering v. New Haven & S. L. R.Court of Appeals for the Second Circuit · 1941
  3. Lenox Clothes Shops v. Com'r of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
  4. Pelham Hall Co. v. CarneyCourt of Appeals for the First Circuit · 1940
  5. Templeton's Jewelers, Inc. v. United StatesCourt of Appeals for the Sixth Circuit · 1942

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