Legal Opinion
E. T. Griswold v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided September 3, 1968No. 24248_1PublishedCited by 21 opinions
1Opinion of the Court
COLEMAN, Circuit Judge:
This appeal involves income tax deficiencies assessed against Independent Cigarette Service of Dade, Inc., a corporate taxpayer, and E. T. Griswold and J. F. Fielden, as individuals. The Tax Court, 45 T.C. 463, held the petitioners liable for the deficiencies.
There are three issues here: (1) whether, as a result of multiple corporate transactions, the taxpayers were entitled to a stepped up basis in the new corporation, thereby enabling them to amortize certain vending machine locations acquired as the result of a purchase of stock and the subsequent liquidation of the…
2Cases cited23 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Kimbell-Diamond Milling Co. v. Comm'rUnited States Tax Court · 1950
- Kimbell-Diamond Milling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Wall v. United StatesCourt of Appeals for the Fourth Circuit · 1947
- Irving Sachs v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1960
18 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- James and Martha Kuper and Charles and Kathleen Kuper, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1976
- Yoc Heating Corp. v. CommissionerUnited States Tax Court · 1973
- E. Cody Laird and Joanne H. Laird, Cross-Appellees v. United States of America, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1977
- Kansas Sand & Concrete, Inc. v. CommissionerUnited States Tax Court · 1971
16 more not listed; retrieve them via the Exa API.