COMMISSIONER OF INTERNAL REVENUE
v.
CORPUS CHRISTI TERMINAL CO.
Notwithstanding the decision in United States v. Hendler, 303 U.S. 564, 58 S.Ct. 655, 82 L.Ed. 1018, in order to a correct disposition of this case we are of opinion that it is necessary to know whether the assumption by the taxpayer of $100,789.81 of the liabilities of Eggleston Oil Corporation made in the purchase of the latter’s assets was ever performed by the taxpayer’s discharging the liabilities, and if so, when they were discharged. There is in the record some slight evidence, not clear or direct, on this point, but no finding by the Board of Tax Appeals. The cause is remanded to the Board of Tax Appeals with direction to reopen the case and hear additional evidence on the questions above suggested, and to make a finding thereon. Belridge Oil Co. v. Helvering, 9 Cir., 69 F.2d 432.
Remanded with direction.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
-
Commissioner of Internal Revenue v. Corpus Christi Terminal Co., 126 F.2d 898 (5th Cir. 1942)
Authorities Cited
- United States v. Hendler, 303 U.S. 564 (U.S. 1938)
- Belridge Oil Co. v. Helvering, 69 F.2d 432 (9th Cir. 1934)