United States v. Transamerica Corporation, Transamerica Corporation 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.

• private roadway conveyed on understanding that city would improve and maintain it as a public street to taxpayer’s benefit
• private roadway conveyed on understanding that city would improve and maintain it as a public street to taxpayer's benefit
• where the taxpayer-corporation received relief from continued harassment, badgering and threats from the city, the court held that the company acted \under a form of economic duress and threatened legal compulsion\
• “[A]n absolute requirement of detached and disinterested generosity or lack of any business purpose would tend to render ultra vires substantially all charitable contributions and thus to frustrate the congressional intent that corporations should enjoy such deductions.”
• “[A]n absolute requirement of detached and disinterested generosity or lack of any business purpose would tend to render ultra vires substantially all charitable contributions and thus to frustrate the congressional intent that corporations should enjoy such deductions.”
• “[A]n absolute requirement of detached and disinterested generosity or lack of any business purpose would tend to render ultra vires substantially all charitable contributions and thus to frustrate the congressional intent that corporations should enjoy such deductions.”

Source: CourtListener parenthetical corpus (CC0).