Legal Opinion
Helvering v. New Haven & S. L. R.
Court of Appeals for the Second Circuit
Decided July 16, 1941No. 227PublishedCited by 26 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
The Commissioner assessed deficiencies against the taxpayer because he took a lower “basis” for the depreciation of its property than it had taken, and the only question is whether the proper “basis” was the value when the property was conveyed to the taxpayer on July 26, 1934, or when a predecessor company acquired it in 1923. The facts upon which that question depends were agreed upon by stipulation and were as follows. The predecessor company was incorporated in 1923 and operated, first a trolley line and afterwards a line of busses; by 1931 it had become insolvent…
2Cases cited10 opinions
- LeTulle v. ScofieldSupreme Court of the United States · 1940
- Prairie Oil & Gas Co. v. MotterCourt of Appeals for the Tenth Circuit · 1933
- Bassick v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1936
- Helvering v. Elkhorn Coal Co.Court of Appeals for the Fourth Circuit · 1938
- Commissioner of Internal Revenue v. KitselmanCourt of Appeals for the Seventh Circuit · 1937
5 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Commissioner of Internal Revenue v. The Bagley & Sewall Co.Court of Appeals for the Second Circuit · 1955
- Western Wine & Liquor Co. v. CommissionerUnited States Tax Court · 1952
- Smith & Welton, Inc. v. United StatesDistrict Court, E.D. Virginia · 1958
- United Gas Improvement Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1944
21 more not listed; retrieve them via the Exa API.