Legal Opinion
Ken-Rad Tube & Lamp Corp. v. Commissioner of Internal Revenue. Ken-Rad Transmitting Tube Corp. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided March 16, 1950No. 10,884, 10,885PublishedCited by 8 opinions
1Opinion of the Court
McALLISTER, Circuit Judge.
Ken-Rad Transmitting Tube Corporation, petitioner taxpayer herein, acquired or constructed certain emergency facilities in 1941, 1942, and 1943. The assets were later distributed to its parent corporation, Ken-Rad Tube and Lamp Corporation, in complete liquidation, as of June 30, 1943; and the parent corporation sold them at a profit on January 2, 1945. Petitioner taxpayer was entitled to amortize the “basis” of such emergency facilities over a period of sixty months for federal income tax purposes under Section 124(a) of the Internal Revenue Code, 26 U.S.C.A. §…
2Cases cited3 opinions
- Michigan Window Cleaning Co. v. MartinoCourt of Appeals for the Sixth Circuit · 1949
- Mesaba-Cliffs Min. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1949
- Muhleman v. HoeyCourt of Appeals for the Second Circuit · 1942
3Cited by8 opinions
- A B C Brewing Corporation (Formerly Aztec Brewing Co.), a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- Ambrose v. CommissionerUnited States Tax Court · 1952
- Commissioner of Internal Revenue v. AmbroseCourt of Appeals for the Second Circuit · 1953
- Lake Erie Engineering Corp. v. McGowanDistrict Court, W.D. New York · 1957
- Ambrose v. CommissionerUnited States Tax Court · 1952
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