Legal Opinion
Atlantic Coast Line R. Co. v. Commissioner of Int. Rev.
Court of Appeals for the Fourth Circuit
Decided January 6, 1936No. 3895, 3896PublishedCited by 32 opinions
1Opinion of the Court
SOPER, Circuit Judge.
Two questions are presented by the petition for review in these cases: (1) Whether either the lessor or the lessee is entitled to a deduction for depreciation under section 23 (k) of the Revenue Act of 1928, 45 Stat. 791, 799, when one railroad company leases equipment from another for 999 years and agrees to maintain, repair, and renew the property during the term of the lease; and (2) whether a railroad company which acquires the common stock of another in exchange for a stated consideration, including a guaranty to pay dividends on the other’s preferred stock, and…
2Cases cited8 opinions
- Weiss v. WeinerSupreme Court of the United States · 1929
- New York Cent. R. Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1935
- Commissioner of Internal Rev. v. Terre Haute Elec. Co.Court of Appeals for the Seventh Circuit · 1933
- Newark Milk & Cream Co. v. Com'r of Internal RevenueCourt of Appeals for the Third Circuit · 1929
- Pabst v. LucasSupreme Court of the United States · 1930
3 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Chicago & N. W. R. Co. v. CommissionerUnited States Tax Court · 1958
- Hamlen v. WelchCourt of Appeals for the First Circuit · 1940
- Interstate Transit Lines v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1942
- Blake v. CommissionerUnited States Tax Court · 1953
- St. Paul Union Depot Co. v. Commissioner of Internal Rev.Court of Appeals for the Eighth Circuit · 1941
27 more not listed; retrieve them via the Exa API.