Legal Opinion
Commissioner of Internal Revenue v. Fifth Avenue Bank
Court of Appeals for the Third Circuit
Decided June 16, 1936No. 5976PublishedCited by 14 opinions
1Opinion of the Court
BUFFINGTON, Circuit Judge.
In this income tax case it appears that Bell owned 10,386 shares of stock in Lederle Antitoxin Laboratories (hereafter called Antitoxin), having a cost basis of $90,384.85. A reorganization agreement was drawn up between Antitoxin and American Cyanamid Company (hereafter called Cyanamid) whereby Antitoxin would convey all of its assets to Cyanamid or its nominee for 64,500 shares of Cyanamid class B common and 75,000 nonvoting preferred of the new corporation, Lederle Laboratories, Inc. (hereafter called Laboratories). Cyanamid formed Laboratories, to which Antitoxin…
2Cases cited7 opinions
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- John A. Nelson Co. v. HelveringSupreme Court of the United States · 1935
- Helvering v. Edison Securities CorporationCourt of Appeals for the Fourth Circuit · 1935
- Moise v. BurnetCourt of Appeals for the Ninth Circuit · 1931
- Cascade Milling & Elevator Co. v. CommissionerUnited States Board of Tax Appeals · 1932
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Husted v. CommissionerUnited States Tax Court · 1967
- Koufman v. CommissionerUnited States Tax Court · 1977
- Commissioner of Internal Revenue v. Erie Forge Co.Court of Appeals for the Third Circuit · 1948
- International Tel. & Tel. Corp. etc. v. CommissionerUnited States Tax Court · 1981
- Commissioner of Internal Revenue v. SussmanCourt of Appeals for the Second Circuit · 1939
9 more not listed; retrieve them via the Exa API.