Legal Opinion
Motion Picture Capital Corp. v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided January 6, 1936No. 95, 96PublishedCited by 32 opinions
1Opinion of the Court
CHASE, Circuit Judge.
As Investors Equity Company, Inc., does not dispute its liability for the deficiency as transferee provided any tax is due, we shall discuss the merits as though Motion Picture Capital Corporation were alone the petitioner.
It was organized in 1923 under the laws of Delaware. The expenses of its organization were $49,464.83, and some time later it paid $10,440.50 in addition for expenses incurred in increasing its capital. These payments concededly were capital items neither deducted nor deductible in the taxable period paid or incurred. Its stock was listed on the New…
2Cases cited4 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Baltimore & OR Co. v. Commissioner of Internal Rev.Court of Appeals for the Fourth Circuit · 1935
- Barbour Coal Co. v. CommissionerCourt of Appeals for the Tenth Circuit · 1934
3Cited by32 opinions
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- General Bancshares Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1964
- Skenandoa Rayon Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Mills Estate, Inc. v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. Mills Estate, IncCourt of Appeals for the Second Circuit · 1953
- Denver & R. G. W. R. Co. v. CommissionerUnited States Tax Court · 1962
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