Legal Opinion
Electrical Securities Corp. v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided November 8, 1937No. 9PublishedCited by 21 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
The question at issue is whether the taxpayer made a taxable gain in the year 1930 because of the transactions which we shall describe. Its business was to hold the securities of public utility companies, and it had acquired a number of shares of stock in the United Gas Improvement Company which on May 1, 1930, the United Corporation, another company whose business was also to hold the securities of utility companies, offered to take over for tii own shares, share for share. This offer was open until May 12, 1930, at 3 P. M., and the petitioner and four others,…
2Cases cited4 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- Ballwood Co. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1936
- Independent Oil Co. v. CommissionerUnited States Board of Tax Appeals · 1936
3Cited by21 opinions
- Southwest Natural Gas Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Helvering v. JohnsonCourt of Appeals for the Eighth Circuit · 1939
- Becher v. CommissionerUnited States Tax Court · 1954
- Commissioner of Internal Revenue v. Mary Archer W. Morris Trust, North Carolina National Bank, TrusteeCourt of Appeals for the Fourth Circuit · 1966
- Putnam v. United StatesCourt of Appeals for the First Circuit · 1945
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