Liquid Air Corporation and Subsidiaries v. CIR

BVLaw
Full Text of Court Cases
December 26, 1995
2813 Industrial Gases
325120 Industrial Gas Manufacturing
federal taxation

Liquid Air Corporation and Subsidiaries v. CIR
T.C. Memo. 1995-606
US
Federal Court
United States Tax Court
Ruwe

Summary

The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arms'-length. The decision listed the factors consider in permitti ...
Liquid Air Corporation and Subsidiaries v. CIR
PDF, Size: 35 KB

See Also

30% Blockage Discount Used

The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arm's length.