Legal Opinion
Interlochen Company, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided April 24, 1956No. 7149_1PublishedCited by 23 opinions
1Opinion of the Court
HARRY E. WATKINS, District Judge.
This is an appeal from the decision of the Tax Court, which sustained a deficiency assessment against Interlochen Company, Inc., the taxpayer, in income tax of $17,470.33 for the year 1945. The taxpayer sold certain corporate stock in 1945, claiming on its tax return the same basis as the stock had in the hands of its transferor, on the theory that it had been acquired by gift. The Commissioner asserted a deficiency on the ground that the stock had been acquired by purchase, and that taxpayer’s basis was the amount that it actually paid for the stock. Two…
2Cases cited13 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Burnet v. HoustonSupreme Court of the United States · 1931
- Gray v. PowellSupreme Court of the United States · 1941
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
- Walling v. General Industries Co.Supreme Court of the United States · 1947
8 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- Television Industries, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- Interstate Fire Insurance Company v. United StatesDistrict Court, E.D. Tennessee · 1963
- Morris Trusts v. CommissionerUnited States Tax Court · 1968
- Federal National Mortgage Association, Appellant/cross-Appellee v. Commissioner of Internal Revenue, Appellee/cross-AppellantCourt of Appeals for the D.C. Circuit · 1990
18 more not listed; retrieve them via the Exa API.