Legal Opinion
Western Massachusetts Theatres, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided July 31, 1956No. 5078PublishedCited by 5 opinions
1Opinion of the Court
MAGRUDER, Chief Judge.
We have here for review a decision of the Tax Court of the United States, entered August 25, 1955, sustaining, deficiencies in the excess profits tax of petitioner, Western Massachusetts Thea-tres, Inc., for the years 1943, 1944, and 1945. 24 T.C. 331.
The sole contested issue in the Tax Court was whether the transaction in which petitioner acquired certain properties in 1935 was one governed by § 112 (b) (10) of the Internal Revenue Code of 1939, 26 U.S.C.A., so as to make applicable the provisions of § 113(a) (22) in determining the basis of such properties for…
2Cases cited25 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
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3Cited by5 opinions
- Reef Corporation v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Reef CorporationCourt of Appeals for the Fifth Circuit · 1966
- San Antonio Transit Co. v. CommissionerUnited States Tax Court · 1958
- Pearson Hotel, Inc. v. United StatesDistrict Court, N.D. Illinois · 1959
- Reef Corporation v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Reef CorporationCourt of Appeals for the Fifth Circuit · 1966
- San Antonio Transit Co. v. CommissionerUnited States Tax Court · 1958