HELVERING v. MOLONEY ELECTRIC CO.

Nos. 11913, 11921.

120 F.2d 617 (1941)

HELVERING, Commissioner of Internal Revenue, v. MOLONEY ELECTRIC CO. MOLONEY ELECTRIC CO. v. HELVERING, Commissioner of Internal Revenue.

Circuit Court of Appeals, Eighth Circuit.

Rehearing Denied June 27, 1941.


Attorney(s) appearing for the Case

Edward First, Sp. Asst. to the Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, Sp. Asst. to the Atty. Gen., on the brief), for Helvering, Commissioner of Internal Revenue.

Carl J. Batter, of Washington, D. C., for Moloney Electric Co.

Before SANBORN, WOODROUGH, and THOMAS, Circuit Judges.


WOODROUGH, Circuit Judge.

On petitions for review of the decision of the Board of Tax Appeals involving income tax of Moloney Electric Company for the year 1936, reported in 42 B.T.A. 78.

On July 1, 1928, the taxpayer, Moloney Electric Company, issued bonds due June 1, 1943, in the aggregate principal amount of $1,500,000. The trust indenture entered into in connection with the issuance of these bonds required the taxpayer to pay the trustee for sinking fund...

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