Legal Opinion
General Gas & Electric Corp. v. Commissioner
Court of Appeals for the Second Circuit
Decided July 18, 1938No. Nos. 221, 222PublishedCited by 2 opinions
1Opinion of the Court
SWAN, Circuit Judge.
Two proceedings, one involving income taxes for the year 1926, the other for 1927, and presenting a common question of law, were consolidated for hearing before the Board. The petitions for review have been similarly consolidated before this court. The petitioner, General Gas & Electric Corporation, has agreed to pay the taxes' of its affiliate, Northern Pennsylvania Power Company. The issue in controversy is as to the latter’s taxes for the years 1926 and 1927, and this turns on whether it is entitled to deduct the unamortized bond discount and expense of two corporations…
2Cases cited13 opinions
- Helvering v. Union Pacific RailroadSupreme Court of the United States · 1934
- Western Maryland Ry. Co. v. Com'r of Internal RevenueCourt of Appeals for the Fourth Circuit · 1929
- Great Western Power Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- New York Cent. R. Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1935
- Koehler v. St. Mary's Brewing Co.Supreme Court of Pennsylvania · 1910
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3Cited by2 opinions
- Helvering v. Metropolitan Edison Co.Supreme Court of the United States · 1939
- Metropolitan Edison Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1938