Legal Opinion
Morgan Mfg. Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided December 20, 1941No. 4857PublishedCited by 16 opinions
1Opinion of the Court
SOPER, Circuit Judge.
Deficiencies for the year 1936 in income tax in the sum of $5,844.14 and in excess profits tax in the sum of $509.97 assessed against Morgan Manufacturing Company are the subject of this petition for review. The first question involved requires the determination of the basis for depreciation of certain assets of the taxpayer, and the answer depends upon whether the assets were acquired in connection with a statutory corporate reorganization or as the result of a sale. The Board of Tax Appeals held that under the circumstances now to be outlined a sale and not a…
2Cases cited15 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Northwest Steel Rolling Mills, Inc.Supreme Court of the United States · 1940
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Portland Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
10 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Penrod v. CommissionerUnited States Tax Court · 1987
- Bb&t Corp. v. United StatesCourt of Appeals for the Fourth Circuit · 2008
- Commissioner of Internal Revenue v. Gilmore's EstateCourt of Appeals for the Third Circuit · 1942
- Roebling v. CommissionerCourt of Appeals for the Third Circuit · 1944
- Maine Steel, Inc. v. United StatesDistrict Court, D. Maine · 1959
11 more not listed; retrieve them via the Exa API.