Legal Opinion
Fairbanks Court W. Groc. Co. v. Commissioner of Int. Rev.
Court of Appeals for the Seventh Circuit
Decided June 4, 1936No. 5365, 5366PublishedCited by 7 opinions
1Opinion of the Court
BRIGGLE, District Judge.
The question for decision is: Where three separate and distinct corporations are consolidated into a new corporation which issued its entire capital stock for the properties of the former corporations in such proportions that the aggregate stock held in the new corporation by all the former stockholders of any one of the three former corporations was less than 80 per cent, of the outstanding stock of the new corporation, shall the new corporation compute depreciation, leasehold amortization, and gain or loss from the subsequent sale of said property on the basis of the…
2Cases cited3 opinions
- TW Phillips, Jr., Inc. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1933
- Snead v. Jackson Securities & Investment Co.Court of Appeals for the Fifth Circuit · 1935
- Monarch Electric & Wire Co. v. Com'r of Internal RevenueCourt of Appeals for the Seventh Circuit · 1930
3Cited by7 opinions
- National Bank of Commerce v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1940
- Muskegon Motor Specialties Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1943
- Adamston Flat Glass Co. v. CommissionerCourt of Appeals for the Fourth Circuit · 1947
- National Bank of Commerce of Norfolk v. United StatesDistrict Court, E.D. Virginia · 1958
- CAGNETTI v. JUNIPER VILLAGE AT BENSALEM OPERATIONSDistrict Court, E.D. Pennsylvania · 2020
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