Legal Opinion
Federal Bulk Carriers, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 19, 1977No. 806, Docket 76-4162PublishedCited by 19 opinions
1Opinion of the Court
BRIEANT, District Judge.
This case was tried in the Tax Court upon stipulated facts, set forth fully in the opinion of Judge Raum below, reported at 66 T. C. 283 (1976). Familiarity therewith is assumed. Briefly stated, appellant (hereinafter “Taxpayer”) and another owned all the stock and debentures of a corporation, “Tankers,” the sole asset of which was a mortgaged vessel, the S.T. Federal Monarch. The Monarch had been built for Tankers, and on its completion in September 1959, was delivered under bareboat charter to a large Canadian oil company for the duration of the mortgage.
On July 31,…
2Cases cited9 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Higgins v. SmithSupreme Court of the United States · 1940
- Gray v. PowellSupreme Court of the United States · 1941
- Arrowsmith v. CommissionerSupreme Court of the United States · 1952
- Union Planters National Bank of Memphis v. United StatesCourt of Appeals for the Sixth Circuit · 1970
4 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Barbara Abrams, as of Lillian Hyman, Deceased v. The United States of AmericaCourt of Appeals for the Second Circuit · 1986
- Nestle Holdings, Inc. v. Commissioner Of Internal RevenueCourt of Appeals for the Second Circuit · 1998
- Furman v. United StatesDistrict Court, D. South Carolina · 1984
- Sierra Club v. CommissionerUnited States Tax Court · 1994
- Post Corp. v. United StatesUnited States Court of Claims · 1981
14 more not listed; retrieve them via the Exa API.