1. Home
  2. Browse Decisions
  3. F.2d
  4. 70 F.2d
  5. 70 F.2d 887 (1934)
 

UNITED STATES v. LAKEWOOD ENGINEERING CO.

No. 6442.

70 F.2d 887 (1934)

UNITED STATES v. LAKEWOOD ENGINEERING CO.

Circuit Court of Appeals, Sixth Circuit.

May 10, 1934.

Attorney(s) appearing for the Case

J. H. McEvers, of Washington, D. C. (Frank J. Wideman, J. Louis Monarch, and Frederick W. Dewart, all of Washington, D. C., and E. B. Freed, of Cleveland, Ohio, on the brief), for the United States.

D. J. Shorb, of Washington, D. C. (Earle W. Wallick, of Washington, D. C., on the brief), for appellee.

Before HICKS and SIMONS, Circuit Judges, and TAYLOR, District Judge.

SIMONS, Circuit Judge.

The question presented on this appeal is whether in the case of affiliated corporations returning their income on the basis of a consolidated 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 operating loss of the subsidiary already claimed and allowed.

The Lakewood Engineering Company, appellee, is the taxpayer. It filed a...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases