Legal Opinion
Commissioner of Internal Revenue v. Landers Corp
Court of Appeals for the Sixth Circuit
Decided February 11, 1954No. 11804_1PublishedCited by 21 opinions
1Opinion of the Court
MILLER, Circuit Judge.
The Commissioner of Internal Revenue seeks a review of the ruling of the Tax Court which set aside a deficiency income tax assessment of $3,415.98 for the year 1946. The Tax Court held that the respondent taxpayer, The Landers Corporation, did not realize any taxable gain from the sale by it of 674 shares of its own stock which it had previously acquired from former stockholders.
The facts, for the most part stipulated, are as follows: The respondent, an Ohio corporation, was engaged in the business of coating and finishing cotton and jute fabrics. Its authorized capital…
2Cases cited27 opinions
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- United States v. PhellisSupreme Court of the United States · 1921
- Bazley v. CommissionerSupreme Court of the United States · 1947
- Helvering v. Midland Mutual Life InsuranceSupreme Court of the United States · 1937
- Commissioner of Internal Revenue v. SA Woods MacH. Co.Court of Appeals for the First Circuit · 1932
22 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Duncan Industries, Inc., etc. v. CommissionerUnited States Tax Court · 1979
- Chicago, Burlington & Quincy Railroad v. United StatesUnited States Court of Claims · 1972
- United States v. Anderson, Clayton & Co.Supreme Court of the United States · 1955
- General Electric Company v. The United StatesUnited States Court of Claims · 1962
- Anderson, Clayton & Co. v. United StatesUnited States Court of Claims · 1954
16 more not listed; retrieve them via the Exa API.