Legal Opinion
CL Downey Co. v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided February 23, 1949No. 13836PublishedCited by 15 opinions
1Opinion of the Court
THOMAS, Circuit Judge.
The Petitioner, C. L. Downey Company, is an Ohio corporation, having its principal place of business at Hannibal, Missouri. It seeks review of a decision of the Tax Court of the United States, 10 T.C. 837, involving its income and excess profits taxes for the taxable years 1942 and 1943.
The issues decided by the Tax Court and to be reviewed here, are: (1) Whether the ’ Commissioner erroneously disallowed, as borrowed invested capital for each year, $28,000 representing a claimed loan to the taxpayer by the Hannibal Chamber of Commerce; and (2) whether the Commissioner…
2Cases cited14 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Autenreith v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
- Gilman v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1931
9 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Brown Shoe Co. v. CommissionerSupreme Court of the United States · 1950
- Commissioner of Internal Revenue v. McKay Products Corporation. McKay Products Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1949
- Woodward v. United StatesDistrict Court, N.D. Iowa · 1952
- Commissioner v. Brown Shoe Co.Court of Appeals for the Eighth Circuit · 1949
- North American Loan & Thrift Co. v. CommissionerUnited States Tax Court · 1962
10 more not listed; retrieve them via the Exa API.