Legal Opinion
Parker-Hannifin Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided March 23, 1998No. 96-2580PublishedCited by 12 opinions
1Opinion of the Court
OPINION
SUHRHEINRICH, Circuit Judge.
Parker-Hannifin Corporation (Parker) appeals from the judgment of the United States Tax Court disallowing a substantial portion of the income tax deduction it claimed for its $42 million contribution to a welfare benefit fund on June 30, 1987. We AFFIRM IN PART AND REVERSE IN PART.
I
The facts are set forth in greater detail in the Tax Court’s opinion at T.C. Memo.1996-337, 1996 WL 412009. Parker is an accrual basis taxpayer which files its Federal income tax returns on a June 30 fiscal year. Parker and its subsidiaries are engaged in, among other things, the…
2Cases cited11 opinions
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- United States v. ApfelbaumSupreme Court of the United States · 1980
- Arrowsmith v. CommissionerSupreme Court of the United States · 1952
- Bread Political Action Committee v. Federal Election CommissionSupreme Court of the United States · 1982
- United States v. General Dynamics Corp.Supreme Court of the United States · 1987
6 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Ethan Walton v. Marva Livingston Hammons, Director, Michigan Family Independence AgencyCourt of Appeals for the Sixth Circuit · 1999
- United States v. Miami UniversityDistrict Court, S.D. Ohio · 2000
- Island Creek Kentucky Mining v. Roy Ramage, Sr.Court of Appeals for the Sixth Circuit · 2013
- Wells Fargo & Co. v. Comm'rUnited States Tax Court · 2003
- Mts International, Inc. And Robert C. Hughes, III v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1999
7 more not listed; retrieve them via the Exa API.