Legal Opinion
Commissioner of Internal Revenue v. OPP Holding Corp.
Court of Appeals for the Second Circuit
Decided March 4, 1935No. 220PublishedCited by 74 opinions
1Opinion of the Court
SWAN, Circuit Judge.
This case involves the income tax liability of O. P. P. Holding Corporation, hereT after referred to as the taxpayer, for the fiscal year ending July 31, 1930. The Commissioner disallowed a deduction of $20,000 from gross income which the taxpayer claimed to be a payment of interest on its debenture bonds. The Board of Tax Appeals reversed this determination, with the result that no deficiency in tax exists. The Commissioner has appealed.
The taxpayer was incorporated under the laws of New York on June 20,1929, with an authorized capital of $20,000, consisting of 2,000…
2Cases cited13 opinions
- Warren v. KingSupreme Court of the United States · 1883
- In re Fechheimer Fisher Co.Court of Appeals for the Second Circuit · 1914
- Arthur R. Jones Syndicate v. Commissioner of I. RevenueCourt of Appeals for the Seventh Circuit · 1927
- Spencer v. SmithCourt of Appeals for the Eighth Circuit · 1912
- Armstrong v. Union Trust & Savings BankCourt of Appeals for the Ninth Circuit · 1918
8 more not listed; retrieve them via the Exa API.
3Cited by74 opinions
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Kraft Foods Company v. Commissioner of Internal Revenue, (Two Cases)Court of Appeals for the Second Circuit · 1956
- Retirement Board of the Policemen's Annuity & Benefit Fund v. Bank of New York MellonCourt of Appeals for the Second Circuit · 2014
- Jack Daniel Distillery, Lem Motlow, Prop., Inc. v. The United StatesUnited States Court of Claims · 1967
- Commissioner of Int. Rev. v. Meridian & Thirteenth R. Co.Court of Appeals for the Seventh Circuit · 1942
69 more not listed; retrieve them via the Exa API.