Legal Opinion
Commissioner v. American Liberty Oil Co.
Court of Appeals for the Fifth Circuit
Decided April 3, 1942No. 10108PublishedCited by 2 opinions
1Opinion of the Court
McCORD, Circuit Judge.
The Board of Tax Appeals determined an income tax deficiency of $49,787.45 against American Liberty Oil Company for the year 1934. By petitions for review both the Commissioner and the taxpayer contest portions of the decision of the Board. The Board’s findings and opinion are reported, American Liberty Oil Company v. Commissioner, 43 B.T.A. 76.
The Commissioner’s Petition.
In 1934 Wofford Production Company, a wholly owned subsidiary of American Liberty Oil Company, transferred to the parent corporation a valuable operating oil lease for a recited consideration of…
2Cases cited6 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Columbia Oil & Gas Co. v. Commissioner of Internal Rev.Court of Appeals for the Fifth Circuit · 1941
- Commissioner of Internal Revenue v. Southeastern Express Co.Court of Appeals for the Fifth Circuit · 1932
- JN PHARR & SONS, LIMITED v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1932
- American Liberty Oil Co. v. CommissionerUnited States Board of Tax Appeals · 1940
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- John D. Byram and Sally A. Byram v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1977
- Warren v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1952