Legal Opinion
Commissioner of Internal Revenue v. The Pennroad Corporation and Affiliated Companies
Court of Appeals for the Third Circuit
Decided December 12, 1955No. 11569_1PublishedCited by 16 opinions
1Opinion of the Court
BIGGS, Chief Judge.
The case at bar concerns the 1947 income tax of Pennroad Corporation and its affiliates. In 1929 The Pennsylvania Railroad Company caused the taxpayer, Pennroad, to be created so that it might do for Pennsylvania the things which Pennsylvania could not legally do for itself: the protection and extension of Pennsylvania’s empire in the fiercely competitive field of railroad transportation. Pennsylvania caused Pennroad to invest its capital in stocks of railroad companies and, later, to embark on disastrous freight-forwarding ventures referred to generically hereinafter as…
2Cases cited8 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Overfield v. Pennroad CorporationCourt of Appeals for the Third Circuit · 1944
- Overfield v. Pennroad CorporationDistrict Court, E.D. Pennsylvania · 1941
- Perrine v. Pennroad Corp.Supreme Court of Delaware · 1946
3 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Iowa Southern Utilities Company, a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1964
- Ruoff v. CommissionerUnited States Tax Court · 1958
- California and Hawaiian Sugar Refining Corporation, Limited v. The United StatesUnited States Court of Claims · 1962
- Ridge Realization Corp. v. CommissionerUnited States Tax Court · 1966
- Madison Fund, Inc. v. CommissionerUnited States Tax Court · 1964
11 more not listed; retrieve them via the Exa API.