Bus & Transport Securities Corp. v. Helvering, Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that “[t]his holding will also apply in cases where the owner uses a glider kit to repair the vehicle, so long as the cost of the repair does not exceed 75 percent of the price of a comparable new vehicle”
• “Section 4052(a)(1) of the Code defines the term ‘first retail sale’ as the first sale for a purpose other than resale or leasing in a long term lease, after production, manufacture, or importation.”

Source: CourtListener parenthetical corpus (CC0).