Int'l Inv. Corp. v. Comm'r of Internal Revenue, 175 F.2d 772 (3rd Cir. 1949). · Go Syfert
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Int'l Inv. Corp. v. Comm'r of Internal Revenue, 175 F.2d 772 (3rd Cir. 1949). Cases Citing This Book View Copy Cite
29 citation events across 8 distinct courts.
Strongest positive: Marcus Lozada and Jose Orlando Mieles v. United States (ca2, 1997-03-07)
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cited Cited as authority (rule) Marcus Lozada and Jose Orlando Mieles v. United States
2d Cir. · 1997 · confidence medium
Rheim v. Foster, 175 F.2d 772, 773 (2d Cir.1949).
Retrieving the full opinion text from the archive…
International Investment Corp.
v.
Commissioner of Internal Revenue
9931.
Court of Appeals for the Third Circuit.
Jun 20, 1949.
175 F.2d 772
David Stock, New York City, for petitioner., Carlton Fox, Washington, D. C. (Theron Lamar Caudle, Asst. Atty. Gen., Ellis N. Slack, Sp. Asst, to the Atty. Gen., on the brief), for respondent.
Maris, Goodrich, Kal-Odner.
Cited by 1 opinion  |  Published
PER CURIAM.

This is a petition to review a decision of the Tax Court that a loss claimed by the petitioner upon the complete liquidation of Portage Water Company, a wholly owned subsidiary, was not recognizable for income tax purposes under Section 112(b) (6) of the Internal Revenue Code, 26 U.S.C.A. § 112(b) (6). The property received by the petitioner upon the liquidation of its subsidiary consisted wholly of cash. Upon the authority of Tri-Lakes S. S. Co. v. Commissioner of Internal Revenue, 6 Cir. 1945, 146 F.2d 970, and for the reasons stated by the Tax Court in its opinion in the present case filed by Judge Kern, 11 T.C. 678, the decision of the Tax Court will be affirmed.