Legal Opinion
Kanawha Gas & Utilities Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided July 21, 1954No. 14719_1PublishedCited by 74 opinions
1Opinion of the Court
RIVES, Circuit Judge.
The petitioner seeks review of a decision of the Tax Court reported at 19 T.C. 1017 involving deficiencies in income tax for the year 1943. The issues relate to the basis to be used in computing profit on the sale of natural gas wells acquired by the purchase of the stock of eight corporations in 1929.
We quote the Tax Court’s “Findings of Fact”:
“The petitioner is a West Virginia corporation with an office at Birmingham, Alabama. Its income and declared value excess profits tax return for the calendar year 1943 was filed with the collector of internal revenue for the…
2Cases cited12 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Kimbell-Diamond Milling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Commissioner of Internal Revenue v. Ashland Oil & Refining Co.Court of Appeals for the Sixth Circuit · 1938
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
7 more not listed; retrieve them via the Exa API.
3Cited by74 opinions
- Professional Services v. CommissionerUnited States Tax Court · 1982
- Cal-Maine Foods, Inc. v. CommissionerUnited States Tax Court · 1989
- June Pinson Carlton and Charles T. Carlton, as Administrators of the Estate of Thad H. Carlton, and June Carlton v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- TRUE v. United StatesCourt of Appeals for the Tenth Circuit · 1999
69 more not listed; retrieve them via the Exa API.