Legal Opinion
Commissioner of Internal Revenue v. Adam, Meldrum & Anderson Co., Inc
Court of Appeals for the Second Circuit
Decided July 29, 1954No. 263, Docket 22950PublishedCited by 8 opinions
1Opinion of the Court
CLARK, Circuit Judge.
This petition involves the proper tax treatment of certain transactions undertaken by respondent, Adam, Meldrum & Anderson Co., Inc., taxpayer, and arising out of the financial difficulties of its subsidiary, Adam, Meldrum & Anderson State Bank, and the liability imposed by statute on holders of bank stock. The issues concern the taxpayer’s excess profits tax for the year 1944. The facts are fully stated in the decision of the Tax Court, reported in 19 T.C. 1130.
Taxpayer, a New York corporation, is engaged in the department store business in Buffalo, New York. Since 1923…
2Cases cited9 opinions
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- Arrowsmith v. CommissionerSupreme Court of the United States · 1952
- Safety Tube Corp. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1948
- Mills Estate, Inc. v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. Mills Estate, IncCourt of Appeals for the Second Circuit · 1953
- Porter v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1942
4 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Anthony Campagna and Marie P. Campagna v. United StatesCourt of Appeals for the Second Circuit · 1961
- Disabled American Veterans v. CommissionerUnited States Tax Court · 1990
- Cesar E. Alvarez Et Ux. v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Disabled American Veterans v. CommissionerUnited States Tax Court · 1990
- James E. Caldwell & Co. v. CommissionerUnited States Tax Court · 1955
3 more not listed; retrieve them via the Exa API.