SEACOAST GAS CO., INC. ET AL.

v.

UNITED STATES

Citator

Cited By (14 total)

• Commissioner OF Internal Revenue v. José Ferrer, 304 F.2d 125 (2d Cir. 1962)
  …§ 1241 now rules otherwise if the distributor has a substantial capital investment therein. The transfer of exclusive agency rights to a third person likewise did not qualify, General Artists Corp. v. C. I. R., 205 F. 2d 360 (2 Cir.), cert. denied, 346 U.S. 866, 74 S.Ct. 105, 98 L.Ed. 376 (1953); whether it now does if the capital investment requirement of § 1241 is met is another question. The sale of oil payment rights, C. I. R. v. P. G. Lake, Inc., 356 U.S. 260, 78 S.Ct. 691, 2 L.Ed.2d 743 (1958), the…
• Dodge v. Mitsui Shintaku Ginko K. K. Tokyo, 528 F.2d 669 (9th Cir. 1975)
  …phasis added) in accord: Louviere v. Shell Oil Company, 509 F. 2d 278, 283-84 (5th Cir. 1975); Fontana v. Pennsylvania R. R., 106 F.Supp. 461, 462-63 (S.D.N.Y.1952), aff’d sub nom., Fontana v. Grace Line, Inc., 205 F. 2d 151 (2d Cir.), cert. denied, 346 U.S. 866, 74 S.Ct. 137, 98 L.Ed. 390 (1953). This very issue has been presented before this Court. In Hugev v. Dampskisaktieselskabet In ternational, 170 F.Supp. 601 (S.D.Cal.1959), the District Court held that the stevedore employer, even though negligent,…
• Commissioner of Internal Revenue v. McCue Bros. & Drummond, Inc., 210 F.2d 752 (2d Cir. 1954)
  …ase of contractual rights, such as the right to an exclusive agency, to be ordinary income. Commissioner of Internal Revenue v. Starr Bros., Inc., 2 Cir., 204 F. 2d 673; General Artists Corp. v. Commissioner, 2 Cir., 205 F. 2d 360, certiorari denied 346 U.S. 866, 74 S.Ct. 105. See also Bingham v. Commissioner, 2 Cir., 105 F. 2d 971. In these cases no “sale or exchange” within the meaning of the statute was found because the contractual right was not transferred, but was released and merely vanished. Howev…