Campbell Chain Co. v. Commissioner
United States Tax Court
Time -- Last Day on Holiday -- Sec. 23 (p) (1) (E), I. R. C. -- Deduction of contribution made to employees' trust by taxpayer on accrual basis, when contribution paid on day following end of 60-day period provided in section 23 (p) (1) (E), allowed when last day of 60-day period was Memorial Day, a legal holiday.
1Opinion of the Court
Campbell Chain Company (Formerly International Chain and Manufacturing Company), Petitioner, v. Commissioner of Internal Revenue, Respondent
Campbell Chain Co. v. Commissioner
Docket No. 25918
United States Tax Court
16 T.C. 1402; 1951 U.S. Tax Ct. LEXIS 155;
June 20, 1951, Promulgated
Decision will be entered for the petitioner.
Time -- Last Day on Holiday -- Sec. 23 (p) (1) (E), I. R. C. -- Deduction of contribution made to employees' trust by taxpayer on accrual basis, when contribution paid on day following end of 60-day period provided in section 23 (p) (1) (E), allowed when last day of 60-day…
Also in this document: Dissent.
2Cases cited3 opinions
- Union National Bank v. LambSupreme Court of the United States · 1949
- Sherwood Bros. v. District of ColumbiaCourt of Appeals for the D.C. Circuit · 1940
- Campbell Chain Co. v. CommissionerUnited States Tax Court · 1951