1. Home
  2. Browse Decisions
  3. F.2d
  4. 312 F.2d
  5. 312 F.2d 393 (1963)
 

UNITED STATES v. DIVERSIFIED SERVICES, INC.

No. 19415.

312 F.2d 393 (1963)

UNITED STATES of America, Appellant, v. DIVERSIFIED SERVICES, INC., as Transferee and Successor of Dr. P. Phillips and Sons, Incorporated, Appellee.

United States Court of Appeals Fifth Circuit.

January 9, 1963.

Attorney(s) appearing for the Case

Edith House, U. S. Atty., Miami, Fla., Edward F. Boardman, U. S. Atty., Don M. Stichter, Asst. U. S. Atty., Tampa, Fla., Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson, Harry Baum, Harold C. Wilkenfeld, Attys., Dept. of Justice, Washington, D. C., for appellant.

Albert H. Monacelli, Dunnington, Bartholow & Miller, New York City, William Y. Akerman, Orlando, Fla., Akerman, Senterfitt, Edison & Mesmer, Orlando, Fla., of counsel, for appellee.

Before RIVES, CAMERON and BELL, Circuit Judges.

PER CURIAM.

The district court, by a completely literal construction of Section 392(b) and 337(c) of the Internal Revenue Code of 1954,1 held that gains from sales made in 1954 by wholly-owned subsidiary corporations, subsequently liquidated and dissolved under a plan of liquidation adopted also subsequently to the sales, are entitled to nonrecognition for income tax purposes, even though the liquidation distributions by the subsidiaries...

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