Legal Opinion
Prairie Du Chien-Marquette B. Co. v. Commissioner of Ir
Court of Appeals for the Third Circuit
Decided May 1, 1944No. 8431PublishedCited by 7 opinions
1Opinion of the Court
McLaughlin, circuit judge.
- The question here involved is whether the taxpayer’s basis for computing depreciation upon its bridge property is the same that the property would have had in the hands of the predecessor company or whether it should be the market-value of the property at the time the taxpayer acquired it. The answer to this depends on whether the original bridge corporation was reorganized in accordance with Section 112(g) (1) of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Acts page 695, which defines a reorganization as:
“(C) -a transfer by a corporation of all or a part of its…
2Cases cited6 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- 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
- Helvering v. BashfordSupreme Court of the United States · 1938
- Commissioner v. HuntzingerCourt of Appeals for the Tenth Circuit · 1943
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Seiberling Rubber Co. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1948
- Western Massachusetts Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1956
- Western Massachusetts Theatres, Inc. v. CommissionerUnited States Tax Court · 1955
- Prairie Du Chien-Marquette B. Co. v. Commissioner of IrCourt of Appeals for the Third Circuit · 1944
- Seiberling Rubber Co. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1948
2 more not listed; retrieve them via the Exa API.