Legal Opinion
O'Sullivan Rubber Co. v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided June 6, 1941No. 281PublishedCited by 47 opinions
1Opinion of the Court
FRANK, Circuit Judge.
This is a petition for review of a decision of the Board of Tax Appeals, reported at 42 B.T.A. 721, which found a deficiency for 1935 in personal holding company tax of $4,198.37 and a penalty of $1,049.59.
In the disputed year petitioner was a dissolved corporation in process of liquidation. It sold its business of selling rubber heels and dissolved in 1932; since then it has not engaged in business, but has endeavored to liquidate as rapidly as possible. The original sales price, after defaults in payments, was reduced in 1935, and notes, bearing interest payable…
2Cases cited9 opinions
- Florsheim Brothers Drygoods Co. v. United StatesSupreme Court of the United States · 1930
- Helvering v. Wilshire Oil Co.Supreme Court of the United States · 1939
- West Side Tennis Club v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- Noteman v. WelchCourt of Appeals for the First Circuit · 1939
- Beam v. HamiltonCourt of Appeals for the Sixth Circuit · 1923
4 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Beck Chemical Equipment Corp. v. CommissionerUnited States Tax Court · 1957
- Wier Long Leaf Lumber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1949
- Montgomery Coca-Cola Bottling Co. v. United StatesUnited States Court of Claims · 1980
- Eder v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1943
- Wilson Bros. & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1948
42 more not listed; retrieve them via the Exa API.