Legal Opinion
Adwood Corp. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided December 23, 1952No. 11318PublishedCited by 10 opinions
1Opinion of the Court
SIMONS, Chief Judge.
This review involves deficiencies in taxes for the fiscal years ending May 31, 1942, 1943 and 1944. They grow out of a challenged determination by the Commissioner that the basis for depreciation of property was the sum paid by petitioner at foreclosure sale and not its cost to an earlier corporation, because the petitioner did not obtain the property in pursuance of a reorganization under the provisions of § 112 (b) (3), § 112(g) (1) (C) and § 112(b) (5), of the Internal Revenue Code, 26 U.S. C.A.§ 112(b) (3,5) (g) (1) (C).
Harry L. Pierson and Harriet P. Taylor, hereafter…
2Cases cited7 opinions
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- Bondholders Committee v. CommissionerSupreme Court of the United States · 1942
- Mascot Stove Co. v. Commissioner of Internal Rev.Court of Appeals for the Sixth Circuit · 1941
2 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Stockton Harbor Industrial Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1954
- Field v. CommissionerUnited States Tax Court · 1959
- Davis, Collector of Internal Revenue v. Bankhead Hotel, IncCourt of Appeals for the Fifth Circuit · 1954
- Bausch & Lomb Optical Company v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1959
- Coon Run Fuel Co. v. CommissionerUnited States Tax Court · 1953
5 more not listed; retrieve them via the Exa API.