Legal Opinion
Palda v. Commissioner
Court of Appeals for the Eighth Circuit
Decided March 6, 1958No. Nos. 15771-15773PublishedCited by 2 opinions
1Opinion of the Court
WOODROUGH, Circuit Judge.
These consolidated petitions for review involve income and victory tax deficiencies for the year 1943, in the total amount of $1,232,049.89, and are taken from decisions of the Tax Court, reviewed by the full court, and entered on December 4, 1956, reported at 27 T.C. 445, as modified by amended decision entered January 2, 1957. The Tax Court declared the sole issue before it to be whether the taxpayers, claiming exemption from tax on their income from a business conducted in the Panama Canal Zone by their partnership as a joint venture with another company, properly…
2Cases cited5 opinions
- Helvering v. BruunSupreme Court of the United States · 1940
- Commissioner of Internal Revenue v. WhitneyCourt of Appeals for the Second Circuit · 1948
- Baltzell v. MitchellCourt of Appeals for the First Circuit · 1925
- United States v. ShapiroCourt of Appeals for the Eighth Circuit · 1949
- Commissioner of Internal Revenue v. Jacob (Jay) Paley and Lillian PaleyCourt of Appeals for the Ninth Circuit · 1956
3Cited by2 opinions
- Thomas Browne Foster v. United StatesCourt of Appeals for the Second Circuit · 1964
- Charles H. Palda v. Commissioner of Internal Revenue, S. R. Okes v. Commissioner of Internal Revenue, Estate of Day Okes, Deceased, Erma J. Okes v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1958