1. Home
  2. Browse Decisions
  3. F.3d
  4. 12 F.3d
  5. 12 F.3d 583 (1993)
 

NORTH AMERICAN RAYON CORP. v. C.I.R.

No. 93-1114.

12 F.3d 583 (1993)

NORTH AMERICAN RAYON CORPORATION, formerly known as North American Holding Corporation, NARCO, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent Appellee.

United States Court of Appeals, Sixth Circuit.

Decided December 21, 1993.

Rehearing and Suggestion for Rehearing Denied February 3, 1994.

Attorney(s) appearing for the Case

H. Wynne James, III (briefed and argued), Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, Nashville, TN, for petitioner-appellant.

Gary R. Allen, Acting Chief (briefed), Jonathan S. Cohen (argued), Ann Belanger Durney, Sally Schornstheimer, U.S. Dept. of Justice Appellate Section, Tax Div., Washington, DC, for respondent-appellee.

Before: MILBURN and BATCHELDER, Circuit Judges; and JOINER, Senior District Judge.

Rehearing and Suggestion for Rehearing En Banc Denied February 3, 1994.

MILBURN, Circuit Judge.

Petitioner North American Rayon Corporation ("North American") appeals the tax court's determination of deficiencies in income tax due from petitioner. On appeal, the issue is whether the tax court erred in holding that in determining taxpayer's basis for depreciation of assets purchased under an asset sale agreement, taxpayer is bound by the allocation of the purchase...

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