HEMPT BROS., INC. v. UNITED STATES

No. 73-1296.

490 F.2d 1172 (1974)

HEMPT BROS., INC., Appellant, v. UNITED STATES of America.

United States Court of Appeals, Third Circuit.

Decided January 14, 1974.


Attorney(s) appearing for the Case

Sheldon M. Bonovitz, John F. Fansmith, Jr., Duane, Morris & Heckscher, Philadelphia, Pa., for appellant.

Scott P. Crampton, Asst. Atty. Gen., Meyer Rothwacks, Ernest J. Brown, Attys., Tax Div., Dept. of Justice, Washington, D. C., for appellee.

Before ALDISERT and WEIS, Circuit Judges, and LATCHUM, District Judge.


OPINION OF THE COURT

ALDISERT, Circuit Judge.

In this appeal by a corporate taxpayer from a grant of summary judgment in favor of the government in a claim for refund, we are called upon to decide the proper treatment of accounts receivable and of inventory transferred from a cash basis partnership to a corporation organized to continue the business under 26 U.S.C. § 351(a).1 This appeal illustrates the conflict between...

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