Legal Opinion
East Bay Water Co. v. McLaughlin
District Court, N.D. California
Decided August 21, 1938No. 19254-SPublishedCited by 4 opinions
1Opinion of the Court
LINDLEY, District Judge.
Plaintiff sues to recover additional income taxes assessed against it for the year 1928, arising out of the alleged profit made in the sale of its assets that year, the property having been acquired January 1, 1917. The Commissioner fixed the value at that time at the sum of $16,548,541, and, deducting this from the purchase price received, assessed the tax upon the resulting profit. The question here is whether the property was worth, on January 1, 1917, more than the sum found by the Commissioner, and if so, how much; for if the value shall be found to have exceeded…
2Cases cited10 opinions
- Bluefield Water Works & Improvement Co. v. Public Service CommissionSupreme Court of the United States · 1923
- State ex rel. Southwestern Bell Telephone Co. v. Public Service Commission of MissouriSupreme Court of the United States · 1923
- Los Angeles Gas & Electric Corp. v. Railroad CommissionSupreme Court of the United States · 1933
- McCardle v. Indianapolis Water Co.Supreme Court of the United States · 1926
- Des Moines Gas Co. v. City of Des MoinesSupreme Court of the United States · 1915
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3Cited by4 opinions
- City of Phoenix v. Consolidated Water CompanyArizona Supreme Court · 1966
- Moore v. Cleveland Ry. Co.Court of Appeals for the Sixth Circuit · 1940
- United States v. Sydelle PriceCourt of Appeals for the Ninth Circuit · 1959
- McLaughlin v. East Bay Water Co.Court of Appeals for the Ninth Circuit · 1939