KIMBELL-DIAMOND MILLING CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 13307.

187 F.2d 718 (1951)

KIMBELL-DIAMOND MILLING CO. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Fifth Circuit.

Rehearing Denied April 23, 1951.


Attorney(s) appearing for the Case

R. B. Cannon, Fort Worth, Tex., for petitioner.

George D. Webster, Ellis N. Slack, Lee A. Jackson, Sp. Assts. to Atty. Gen., Theron Lamar Caudle, Asst. Atty. Gen., Charles Oliphant, Chief Counsel, Claude R. Marshall, Special Attorney, Bureau of Internal Revenue, Washington, D. C., for respondent.

Before HUTCHESON, Chief Judge, and BORAH and RUSSELL, Circuit Judges.


PER CURIAM.

The correctness vel non of the challenged deficiencies, determined by the commissioner and approved and adopted by the Tax Court, turns on whether the taxpayer petitioner is right in insisting that assets acquired by it by first purchasing the stock of, and then liquidating, Whaley Company should be included in petitioner's basis at their cost to Whaley or whether the commissioner is right in insisting that they should be included at the cost to...

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