Legal Opinion
Commissioner v. Sun Pipe Line Co.
Court of Appeals for the Third Circuit
Decided March 23, 1942No. Nos. 7784, 7832PublishedCited by 6 opinions
1Opinion of the Court
CLARK, W., Circuit Judge.
The taxpayers are personal holding companies incorporated in Delaware. Prior to January 1, 1934 Piermont Corporation owed the First National Bank of New York $1,162,561.25. Foreseeing the consequences of a sudden calling of this demand loan, Piermont replaced the obligation with twenty-year debentures issued as of January 1, 1934. At the close of 1934 a sinking fund for the retirement of the debentures was established and a reserve of $50,000 set up for this purpose. Another $50,000 was added to the reserve in 1935. As of January 1, 1934 Sun Pipe Line Company' had…
2Cases cited17 opinions
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Iselin v. United StatesSupreme Court of the United States · 1926
- Koshland v. HelveringSupreme Court of the United States · 1936
- US v. Don Fernando De La Maza Arredondo & OthersSupreme Court of the United States · 1832
12 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Jackie L. And Janet G. McDonald v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1985
- Cedarburg Canning Co. v. Commissioner of Int. Rev.Court of Appeals for the Seventh Circuit · 1945
- Vogel Fertilizer Co. v. United StatesUnited States Court of Claims · 1980
- B. D. Phillips, Inc. v. CommissionerCourt of Appeals for the Third Circuit · 1943
- Commissioner v. Grant Trading Co.Court of Appeals for the Second Circuit · 1943
1 more not listed; retrieve them via the Exa API.