Legal Opinion
Cooperative Pub. Co. v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided December 3, 1940No. 9438PublishedCited by 6 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
Petitioners seek to review a decision of the Board of Tax Appeals, 40 B.T.A. 466, upon its appeal from the determination of the petitioner’s tax by the Commissioner. The question involved arises out of a foreclosure sale of all the assets of the petitioner, tangible and intangible, for $36,600. The Commissioner claims that this sale resulted in a taxable capital gain of $20,944.94. In estimating the gain he allowed no deduction whatever from the sale price for ' the cost of the intangible assets. The Board held that the presumption in favor of the action of the…
2Cases cited12 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Helvering v. Northwest Steel Rolling Mills, Inc.Supreme Court of the United States · 1940
- New York Life Insurance v. GamerSupreme Court of the United States · 1938
- United States v. HendlerSupreme Court of the United States · 1938
- Crane-Johnson Co. v. HelveringSupreme Court of the United States · 1940
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Lawrence v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1944
- Dear Publication & Radio, Inc., a New Jersey Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1960
- Robert Louis Stevenson Apartments, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1964
- Riverside Cement Co. v. RoganDistrict Court, S.D. California · 1945
- Recio v. CommissionerUnited States Tax Court · 1991
1 more not listed; retrieve them via the Exa API.