Legal Opinion
American Well & Prospecting Company v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided April 18, 1956No. 11588PublishedCited by 2 opinions
1Opinion of the Court
BIGGS, Chief Judge.
The taxpayer, American Well and Prospecting Company, is a Texas corporation organized in 1931. It was engaged in manufacturing and selling oil well rotary drilling equipment and accessories and in the making of armaments for the United States for a number of years prior to 1946. Bethlehem Steel Corporation acquired all of the outstanding capital stock of the taxpayer in 1944 and still holds it.
On December 19, 1945, the taxpayer entered into a contract with Bethlehem Supply Company (Supply), then and now another wholly owned subsidiary of Bethlehem Steel Corporation. Supply…
2Cases cited23 opinions
- Wier Long Leaf Lumber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1949
- Rite-Way Products, Inc. v. CommissionerUnited States Tax Court · 1949
- Gorman Lumber Sales Co. v. CommissionerUnited States Tax Court · 1949
- Diamond A Cattle Co. v. CommissionerUnited States Tax Court · 1953
- A B C Brewing Corporation (Formerly Aztec Brewing Co.), a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
18 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- James P. Neill v. Robert L. Phinney, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
- Wofac Corporation v. United StatesDistrict Court, D. New Jersey · 1967