THOMAS J. MOLLOY & CO., INC.

v.

BERKSHIRE, DEPUTY COMMISSIONER, ET AL.

Citator

Cited By

• Mather & Co. v. Commissioner of Internal Revenue, 171 F.2d 864 (3d Cir. 1949)
  …ated in Hartford-Empire Co. v. Commissioner, 2 Cir., 1943, 137 F. 2d 540, 542, certiorari denied 1943, 320 U.S. 787, 64 S.Ct. 196, 88 L.Ed. 473, and Budd International Corp. v. Commissioner, 3 Cir., 1944, 143 F. 2d 784, 791, certiorari denied, 1945, 323 U.S. 802, 65 S.Ct. 562, 89 L.Ed. 640, is correct. Our conclusion is based upon three cogent factors: (1) The purpose of the statutory provision demonstfably being to eliminate the incidence of taxation from transactions contemplating and effectuating only t…
• Commissioner of Internal Revenue v. Mellon, 184 F.2d 157 (3d Cir. 1950)
  …tion 113(a) of the Internal Revenue Code, 26 TT.S.C.A. § 113(a), states the general rule, that the basis of property shall be the cost of such property. . Budd International Corp. v. Commissioner, 3 Cir., 1943, 143 F. 2d 784, 791, certiorari denied 323 U.S. 802, 65 S.Ct. 562, 89 L.Ed. 640; Hazeltine Corp. v. Commissioner, 3 Cir., 1937, 89 F. 2d 513, 518. The basis of the gift-acquired Standard stock in tlie hands of taxpayers would, of course, be relevant to the determination of gain or loss resulting from…
• Frantz v. Commissioner OF Internal Revenue, 784 F.2d 119 (2d Cir. 1986)
  …ed and nonacq. substituted, 1977-2 C.B. 2; Budd International Corp. v. Commissioner, 45 B. T.A. 737 (1941), acq., 1942-2 C.B. 3, acq. revoked and nonacq. substituted, 1977-2 C. B. 2, rev’d on other grounds, 143 F. 2d 784 (3d Cir.1944), cert. denied, 323 U.S. 802, 65 S.Ct. 562, 89 L.Ed. 640 (1945); Clement v. Commissioner, 30 B.T.A. 757 (1934); City Builders Finance Co. v. Commissioner, 21 B.T.A. 800 (1930); Burdick, Executrix v. Commissioner, 20 B.T.A. 742 (1930), aff'd, 59 F. 2d 395 (3d Cir.1932); Wright v…