Legal Opinion
Commissioner of Internal Revenue v. Auto Strop Safety Razor Co., Inc.
Court of Appeals for the Second Circuit
Decided December 10, 1934No. 110PublishedCited by 39 opinions
1Opinion of the Court
CHASE, Circuit Judge.
The predecessor of the respondent, Auto Strop Safety Razor Company, owed the Auto Strop Company, in 1926, $2,170,478.98 on account of royalties, loans, and interest. In that year the Auto Strop Company was dissolved and all of its assets were distributed in liquidation to the Autan Transfer Corporation which owned all of its stock.
The Autan Transfer Corporation also owned all of the stock of the Auto Strop Safety Razor Company, and on January 19, 1927, canceled the debt owed by that company and released it from all liability therefor. The amount of the debt so canceled…
2Cases cited2 opinions
- United States v. Oregon-Washington R. & Nav. Co.Court of Appeals for the Second Circuit · 1918
- Commissioner of Internal Revenue v. Rail Joint Co.Court of Appeals for the Second Circuit · 1932
3Cited by39 opinions
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Putoma Corp. v. CommissionerUnited States Tax Court · 1976
- Putoma Corp., Successor by Merger of Pro-Mac Company, Petitioners- Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1979
- Vincent C. Giblin v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
- Lidgerwood Manufacturing Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1956
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