Legal Opinion
Helvering v. Tex-Penn Oil Co.
Supreme Court of the United States
Decided March 29, 1937No. Nos. 207—209PublishedCited by 274 opinions
1Opinion of the CourtJustice Butler
In each of these cases there is involved an item claimed by petitioner to be taxable income of respondent for 1919. In 1925 the commissioner gave notice of deficiencies. These claims were based on a transaction in 1919 which included transfer by Tex-Penn Oil Company of all its assets to Transcontinental Oil Company, the issue and delivery by the latter of 1,007,834 shares to Benedum and Parriott, the stockholders of Tex-Penn, and the dissolution of that company. The commissioner claims that the consideration for the transfer included not only the stock but also $350,000 in cash paid by…
2Cases cited22 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Brewster v. GageSupreme Court of the United States · 1930
- Virginian Railway Co. v. United StatesSupreme Court of the United States · 1927
- Johnson v. Manhattan Railway Co.Supreme Court of the United States · 1933
- United States v. PhellisSupreme Court of the United States · 1921
17 more not listed; retrieve them via the Exa API.
3Cited by274 opinions
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- United States v. Winston Bryant McConneyCourt of Appeals for the Ninth Circuit · 1984
- Hormel v. HelveringSupreme Court of the United States · 1941
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Universal Minerals, Inc. v. C. A. Hughes & Co.Court of Appeals for the Third Circuit · 1981
269 more not listed; retrieve them via the Exa API.