Legal Opinion
Natco Corporation, Formerly National Fireproofing Corporation v. United States
Court of Appeals for the Third Circuit
Decided December 19, 1956No. 11992PublishedCited by 17 opinions
1Opinion of the Court
STALEY, Circuit Judge.
This is an appeal by a taxpayer from a judgment of the district court denying a refund of taxes alleged to have been erroneously paid. The taxpayer, a Pennsylvania corporation, was reorganized in 1936 under Section 77B of the National Bankruptcy Act, 11 U.S.C.A. § 207, and began business as a reorganized corporation on June 8, 1936. In accordance with the plan of reorganization, it issued to creditors $2,836,400 Sixteen Year 5% Cumulative Convertible Income Debentures. Annually thereafter the corporation accrued the unpaid interest on the debentures and deducted it as an…
2Cases cited4 opinions
- Pierce Estates, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1952
- Jean A. Kilby, on Her Own Behalf and on Behalf of Jane L. Kilby v. Marion D. Folsom, Secretary of Health, Education and Welfare of the United StatesCourt of Appeals for the Third Circuit · 1956
- Warner Co. v. CommissionerUnited States Tax Court · 1948
- Cutting v. BryanCourt of Appeals for the Ninth Circuit · 1929
3Cited by17 opinions
- Herrick v. CommissionerUnited States Tax Court · 1985
- Guardian Investment Corporation v. Robert L. Phinney, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Luhring Motor Co. v. CommissionerUnited States Tax Court · 1964
- Martin Marietta Materials, Inc. v. Vulcan Materials Co.Court of Chancery of Delaware · 2012
- American Bemberg Corporation v. United StatesDistrict Court, D. Delaware · 1957
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