Legal Opinion
Lukens Steel Company v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided May 3, 1971No. 18752_1PublishedCited by 27 opinions
1Opinion of the Court
OPINION OF THE COURT
GERALD McLAUGHLIN, Circuit Judge.
The Commissioner of Internal Revenue seeks a review of the Tax Court’s decision 52 T.C. 764, allowing Lukens Steel Co., an accrual basis taxpayer, a business expense deduction for amounts which it credited to its contingent liability account for the years 1962 and 1963.
The majority of Lukens Steel Co. employees have been represented by the United Steelworkers of America. In 1956 a new contract was agreed upon between the Steelworkers Union and the steel industry. This contract was subsequently adopted by Lukens Steel Company. Among other…
2Cases cited8 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
- The Washington Post Company v. The United StatesUnited States Court of Claims · 1969
- Clark, Collector of Internal Revenue v. Woodward Construction Co. Woodward Construction Co. v. Clark, Collector of Internal RevenueCourt of Appeals for the Tenth Circuit · 1950
- Willoughby Camera Stores, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1942
3 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Bixby v. CommissionerUnited States Tax Court · 1972
- Thriftimart, Inc. v. CommissionerUnited States Tax Court · 1973
- Illinois Power Co. v. CommissionerUnited States Tax Court · 1986
- Ohio River Collieries Co. v. CommissionerUnited States Tax Court · 1981
- Lawyers' Title Guaranty Fund v. United StatesCourt of Appeals for the Fifth Circuit · 1975
22 more not listed; retrieve them via the Exa API.