Legal Opinion
Republic Steel Corporation v. United States
United States Court of Claims
Decided October 6, 1941No. 44577PublishedCited by 20 opinions
1Opinion of the Court
WHITAKER, Judge.
The question in this case is the proper basis for depreciation of certain patents acquired by plaintiff’s subsidiary through a reorganization from a corporation known in the record as Steel and Tubes No. 1. The plaintiff contends that the cost to its subsidiary is the proper basis for depreciation, but the defendant says that its proper basis is the cost to the per-
son from whom plaintiff’s subsidiary acquired it, because after the reorganization an 80 per cent interest or control in the patents remained in the hands of the same persons. Whether or not an 80 per cent interest…
2Cases cited9 opinions
- Helvering v. BashfordSupreme Court of the United States · 1938
- Commissioner of Internal Revenue v. Ashland Oil & Refining Co.Court of Appeals for the Sixth Circuit · 1938
- West Texas Refining & D. Co. v. Commissioner of Int. Rev.Court of Appeals for the Tenth Circuit · 1933
- Hazeltine Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1937
- Bassick v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1936
4 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Winn-Dixie Montgomery, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- KFOX, Inc. v. United StatesUnited States Court of Claims · 1975
- The South Bay Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1965
- Wilmot Fleming Engineering Co. v. CommissionerUnited States Tax Court · 1976
15 more not listed; retrieve them via the Exa API.