Oregon-Washington Plywood Co. v. Commissioner
United States Tax Court
Excess Profits Credit -- Borrowed Invested Capital. -- Held, that a land purchase contract and so-called note executed pursuant thereto were conditional and that the obligation under such instruments was not an outstanding indebtedness evidenced by either a note or a mortgage, within the meaning of section 719 (a) (1), Internal Revenue Code.
1Opinion of the Court
Oregon-Washington Plywood Company, an Oregon Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Oregon-Washington Plywood Co. v. Commissioner
Docket No. 39553
United States Tax Court
20 T.C. 816; 1953 U.S. Tax Ct. LEXIS 91;
July 10, 1953, Promulgated
Decision will be entered for the respondent.
Excess Profits Credit -- Borrowed Invested Capital. -- Held, that a land purchase contract and so-called note executed pursuant thereto were conditional and that the obligation under such instruments was not an outstanding indebtedness evidenced by either a note or a mortgage, within the…
2Cases cited11 opinions
- Journal Publishing Co. v. CommissionerUnited States Tax Court · 1944
- West Constr. Co. v. CommissionerUnited States Tax Court · 1946
- Flint Nortown Theatre Co. v. CommissionerUnited States Tax Court · 1945
- Bernard Realty Co. v. United StatesCourt of Appeals for the Seventh Circuit · 1951
- Consolidated Goldacres Co. v. CommissionerCourt of Appeals for the Tenth Circuit · 1947
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