Legal Opinion
Commissioner of Internal Revenue v. Sisto F. Corp.
Court of Appeals for the Second Circuit
Decided December 14, 1943No. 52PublishedCited by 14 opinions
1Opinion of the Court
CHASE, Circuit Judge.
This is a petition to review a decision of the Tax Court of the United States which expunged deficiencies in the income and excess profits taxes of the respondent, as determined by the commissioner for the taxable year 1936, on the ground that the respondent had not realized the gain on which the deficiencies were based. The respondent filed its returns for that period on the calendar and accrual basis.
- The questions presented are (1) whether an owner of demand and of short term notes of a corporation, which transferred all of its assets to another corporation for the…
2Cases cited8 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Helvering v. Cement Investors, Inc.Supreme Court of the United States · 1942
- Cortland Specialty Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
3 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Camp Wolters Enterprises, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1956
- Nye v. CommissionerUnited States Tax Court · 1968
- Raich v. CommissionerUnited States Tax Court · 1966
- Camp Wolters Enterprises, Inc. v. CommissionerUnited States Tax Court · 1954
- Neville Coke & Chemical Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1945
9 more not listed; retrieve them via the Exa API.