Legal Opinion
American Can Company v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. American Can Company
Court of Appeals for the Second Circuit
Decided May 29, 1963No. 27694_1PublishedCited by 35 opinions
1Opinion of the Court
CLARK, Circuit Judge.
We are asked to review a decision of the Tax Court, 37 T.C. 198, by both the taxpayer and the Commissioner. These two appeals are related only by the fact that both concern the same taxable year, 1953. We shall, therefore, treat them separately.(1) The Issue As To Capital Gains (Taxpayer’s Petition for Review)
The taxpayer has been the nation’s leading manufacturer of food and beverage containers since the early 1900’s when it played a major role in the successful commercial development of the sanitary can. An indispensable element in this marketing revolution was the…
2Cases cited8 opinions
- United States v. Consolidated Edison Co. of NYSupreme Court of the United States · 1961
- Ehrman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1941
- Commissioner of Internal Revenue v. O. Liquidating CorporationCourt of Appeals for the Third Circuit · 1961
- American Can Co. v. CommissionerUnited States Tax Court · 1961
- Wright Contracting Company v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Wright Contracting CompanyCourt of Appeals for the Fifth Circuit · 1963
3 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Malat v. RiddellSupreme Court of the United States · 1966
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Standard Oil Co. v. CommissionerUnited States Tax Court · 1981
- Underhill v. CommissionerUnited States Tax Court · 1966
- Simplified Tax Records, Inc. v. CommissionerUnited States Tax Court · 1963
30 more not listed; retrieve them via the Exa API.