Bracy Development, Co. v. Milam’s Empirical Analysis
1972
Citation profile
6 state decisions
Relationships
Relies on New Colonial Ice Co. v. Helvering · Libson Shops, Inc., v. Koehler, District Director of Internal Revenue · Helvering v. Metropolitan Edison Co. · Newmarket Manufacturing Co. v. United States · Stanton Brewery, Inc. v. Commissioner
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 6 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“We think the better procedure, however, is that followed by the North Carolina court where the “separate taxable entity” theory is not rejected in a proper case, but the “continuity of business enterprise” theory is followed in a proper case. We disagree with the chancellor in the case at bar and hold that the “continuity of business enterprise” theory should apply under the facts of this case.”
1 later decision quote this exact passage“If it had owned any business or any property other than the stock and obligations of the constituent corporation, there would be reason for denying to the corporation resulting from the merger the right to deduct such loss from its income.”
1 later decision quote this exact passage
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.