Legal Opinion
Frank Lyon Co. v. United States
Supreme Court of the United States
Decided April 18, 1978No. 76-624PublishedCited by 737 opinions
1Opinion of the CourtJustice Blackmun
This case concerns the federal income tax consequences of a sale-and-leaseback in which petitioner Frank Lyon Company (Lyon) took title to a building under construction by Worthen Bank & Trust Company (Worthen) of Little Rock, Ark., and simultaneously leased the building back to Worthen for long-term use as its headquarters and principal banking facility.
*563I
The underlying pertinent facts are undisputed. They are established by stipulations, App. 9, 14, the trial testimony, and the documentary evidence, and are reflected in the District Court’s findings.
A ■
Lyon is a closely held Arkansas…
2Cases cited24 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Helvering v. CliffordSupreme Court of the United States · 1940
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Commissioner v. TowerSupreme Court of the United States · 1946
19 more not listed; retrieve them via the Exa API.
3Cited by737 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- United States v. Monroe Adlman, as Officer and Representative of Sequa CorporationCourt of Appeals for the Second Circuit · 1998
- Duffie v. United StatesCourt of Appeals for the Fifth Circuit · 2010
- Rice's Toyota World, Inc. (Formerly Rice Auto Sales, Inc.) v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1985
- The Black & Decker Corporation v. United StatesCourt of Appeals for the Fourth Circuit · 2006
732 more not listed; retrieve them via the Exa API.