ADWOOD CORP. v. COMMISSIONER OF INTERNAL REVENUE

No. 11318.

200 F.2d 552 (1952)

ADWOOD CORP. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Sixth Circuit.

December 23, 1952.


Attorney(s) appearing for the Case

Jackson L. Boughner, Chicago, Ill., Tenney, Sherman, Rogers & Guthrie and Meyer Field and Field & Daniels, all of Chicago, Ill., on brief, for petitioner.

L. W. Post, Washington, D. C., Ellis N. Slack and Lee A. Jackson, Washington, D. C., on brief, for respondent.

Before SIMONS, Chief Judge, and McALLISTER and MILLER, Circuit Judges.


SIMONS, Chief Judge.

This review involves deficiencies in taxes for the fiscal years ending May 31, 1942, 1943 and 1944. They grow out of a challenged determination by the Commissioner that the basis for depreciation of property was the sum paid by petitioner at foreclosure sale and not its cost to an earlier corporation, because the petitioner did not obtain the property in pursuance of a reorganization under the provisions of § 112 (b) (3), § 112(g) (1...

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