Legal Opinion
United States v. Lakewood Engineering Co.
Court of Appeals for the Sixth Circuit
Decided May 10, 1934No. 6442PublishedCited by 6 opinions
1Opinion of the Court
SIMONS, Circuit Judge.
The question presented on this appeal is J whether in the case of affiliated corporations ! returning their income on the basis of a con- ; solicited return, the parent corporation may deduct from net income its total loss on the sale of the stock of a subsidiary without reducing such loss by the amount of the op- , erating loss of the subsidiary already claimed and allowed.
The Lakewood Engineering Company, appellee, is the taxpayer. It filed a consolidated income and excess profits tax return for the year 1918, including in the consolidation itself, the Lakewood Galion…
2Cases cited7 opinions
- Woolford Realty Co. v. RoseSupreme Court of the United States · 1932
- Charles Ilfeld Co. v. HernandezSupreme Court of the United States · 1934
- Burnet v. Riggs Nat. BankCourt of Appeals for the Fourth Circuit · 1932
- Remington Rand, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
- UNITED PUBLISHERS'CORPORATION v. AndersonDistrict Court, S.D. New York · 1930
2 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Marwais Steel Co. v. CommissionerUnited States Tax Court · 1962
- Ambac Industries, Inc. v. CommissionerUnited States Tax Court · 1973
- Denton & Anderson Co. v. KavanaghDistrict Court, E.D. Michigan · 1958
- Ambac Industries, Inc. v. CommissionerUnited States Tax Court · 1973
- Commissioner of Internal Revenue v. George M. Jones Co.Court of Appeals for the Sixth Circuit · 1945
1 more not listed; retrieve them via the Exa API.