Legal Opinion
Fawick Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided March 25, 1965No. 15969_1PublishedCited by 5 opinions
1Opinion of the Court
O’SULLIVAN, Circuit Judge.
The question before us is whether under the 1939 Internal Revenue Code a net operating loss of a corporation, which occurred before another corporation was merged into it, could be carried forward to reduce profits accruing after the merger but attributable solely to that part of its business that was brought to it by the absorbed corporation.
Petitioner Fawick Corporation, under its earlier corporate name of Federal Motor Truck Company, was a manufacturer of motor trucks in Detroit, Michigan. Its stock was broadly held by some 2300 shareholders. In its 1950 tax year…
2Cases cited9 opinions
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Mill Ridge Coal Company v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- A. C. Willingham v. United StatesCourt of Appeals for the Fifth Circuit · 1961
- J. G. Dudley Company, Incorporated (Formerly Headen Hosiery Mills, Incorporated) v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1962
- Norden-Ketay Corporation (Formerly Ketay Instrument Corporation) v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1963
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3Cited by5 opinions
- Frederick Steel Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
- Euclid-Tennessee, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1965
- Frank Ix & Sons Virginia Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1967
- Wofac Corporation v. United StatesDistrict Court, D. New Jersey · 1967
- Commercial Industries Corp. v. United StatesDistrict Court, D. New Jersey · 1967