Oxford Life Insurance Company v. United States

How courts have described this case

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

• analogy unsupportable even in assumption reinsurance transaction where reinsurer became directly liable to policyholders
• “Where a taxpayer acquires all the assets of another in a transaction, the amount of a liability assumed is treated as part of the cost of acquiring the tangible and intangible assets received.”

Source: CourtListener parenthetical corpus (CC0).