Legal Opinion
Century Electric Co. v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided October 31, 1951No. 14341PublishedCited by 51 opinions
1Opinion of the Court
RIDDICK, Circuit Judge.
The peitioner, Century Electric Company, is a corporation engaged principally in the manufacture and sale of electric motors and generators in St. Louis, Missouri. It is not a dealer in real estate. As of December 1, 1943, petitioner transferred a foundry building owned and used by it in its manufacturing business and the land on which the foundry is situated to William Jewell College and claimed a deductible loss on the transaction in its tax return for the calendar year 1943. The Commissioner of Internal Revenue denied the loss. The Commissioner was affirmed by the…
2Cases cited10 opinions
- Cabell v. MarkhamCourt of Appeals for the Second Circuit · 1945
- Markham v. CabellSupreme Court of the United States · 1946
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- United States v. Dakota-Montana Oil Co.Supreme Court of the United States · 1933
- Federal Deposit Ins. Corporation v. TremaineCourt of Appeals for the Second Circuit · 1943
5 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- June Pinson Carlton and Charles T. Carlton, as Administrators of the Estate of Thad H. Carlton, and June Carlton v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Biggs v. CommissionerUnited States Tax Court · 1978
- Coastal Terminals, Inc. v. United StatesCourt of Appeals for the Fourth Circuit · 1963
46 more not listed; retrieve them via the Exa API.