1. Home
  2. Browse Decisions
  3. F.2d
  4. 333 F.2d
  5. 333 F.2d 653 (1964)
 

ALBANY CAR WHEEL COMPANY v. C. I. R.

No. 454, Docket 28706.

333 F.2d 653 (1964)

ALBANY CAR WHEEL COMPANY, Inc., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Second Circuit.

Decided June 23, 1964.

Attorney(s) appearing for the Case

Irving L. Innerfield, Buffalo, N. Y. (Albert R. Mugel, Buffalo, N. Y., on the brief), for petitioner.

Meyer Rothwacks, Atty., Dept. of Justice, R. P. Hertzog, Acting Chief Counsel, Internal Revenue Service, Washington, D. C. (Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson and David O. Walter, Attys., on the brief), for respondent.

Before LUMBARD, Chief Judge, and WATERMAN and HAYS, Circuit Judges.

PER CURIAM.

Petitioner, Albany Car Wheel Company, Inc., seeks review of a decision of the Tax Court, 40 T.C. 831 (1963), upholding the contention of the Commissioner that petitioner had overstated the cost basis of its assets. 26 U.S.C. § 1012 (1958).

Petitioner purchased the operating assets of a corporation engaged in the manufacture and sale of chilled iron wheels. Petitioner claims that the purchase cost included an...

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