Legal Opinion
Thrifiticheck Service Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided February 16, 1961No. 26540_1PublishedCited by 72 opinions
1Opinion of the Court
FRIENDLY, Circuit Judge.
This petition for review challenges a determination of the Tax Court, 33 T.C. 1038, sustaining the Commissioner’s dis-allowance of a deduction for depreciation of an amount allegedly paid by taxpayer for customer contracts formerly held by its predecessor, Bankers Development Corporation. The facts are fully set forth in Judge Atkins’ opinion and we shall here state only those we deem essential.
Bankers, solely owned by Jerome E. Casey, had developed a system for the sale of bank checks known as Thrifti-Check Service Plan. It furnished this to commercial banks…
2Cases cited17 opinions
- Bonwit Teller & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1931
- Thrifticheck Service Corp. v. CommissionerUnited States Tax Court · 1960
- United States Industrial Alcohol Co. v. HelveringCourt of Appeals for the Second Circuit · 1943
- V. Loewers Gambrinus Brewery Co. v. AndersonSupreme Court of the United States · 1931
- Clarke v. Haberle Crystal Springs Brewing Co.Supreme Court of the United States · 1930
12 more not listed; retrieve them via the Exa API.
3Cited by72 opinions
- Beanstalk Group, Inc. v. Am General Corporation and General Motors CorporationCourt of Appeals for the Seventh Circuit · 2002
- Richard M. Boe and Mary Lots Boe v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Whitley v. ErcoleCourt of Appeals for the Second Circuit · 2011
- Commissioner of Internal Revenue v. Seaboard Finance Company, Seaboard Finance Company, Cross v. Commissioner of Internal Revenue, CrossCourt of Appeals for the Ninth Circuit · 1966
67 more not listed; retrieve them via the Exa API.