Legal Opinion
Interstate Transit Lines v. Commissioner of Int. Rev.
Court of Appeals for the Eighth Circuit
Decided July 31, 1942No. 12247PublishedCited by 19 opinions
1Opinion of the Court
THOMAS, Circuit Judge.
In its income tax return for 1936, the petitioner, Interstate Transit Lines, claimed a deduction in the amount of $28,100.66 as a loss sustained by its wholly owned subsidiary, Union Pacific Stages of California, and absorbed by the petitioner under a contract. The Commissioner disallowed the deduction “for the reason that no provision of the Revenue Act of 1936 authorizes such a deduction” and assessed a deficiency in the amount of $4,461.53. The Board of Tax Appeals affirmed the determination of the Commissioner on the ground that the petitioner had not sustained the…
2Cases cited38 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Higgins v. SmithSupreme Court of the United States · 1940
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
33 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- International Trading Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1960
- Dinardo v. CommissionerUnited States Tax Court · 1954
- White v. Fitzpatrick, Collector of Internal RevenueCourt of Appeals for the Second Circuit · 1951
- Commissioner of Internal Revenue v. Moline Properties, Inc.Court of Appeals for the Fifth Circuit · 1942
14 more not listed; retrieve them via the Exa API.