OPINION
OWEN, District Judge.
This is a bench trial on stipulated facts. Plaintiffs, The Lansall Company, and its subsidiaries, Lansall Corporation and Coordinated Services, Inc., all of which filed a consolidated tax return for the year 1968, seek a tax refund for that year.
In 1962, Lansall Corporation (hereinafter "Lansall I"), whose assets consisted of securities listed on the major exchanges, was owned equally by two charitable foundations,...
Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.