Legal Opinion
Consolidated-Hammer Dry Plate & Film Co. v. Commissioner
Court of Appeals for the Seventh Circuit
Decided April 14, 1969No. Nos. 16950, 17024PublishedCited by 2 opinions
1Opinion of the Court
MYRON L. GORDON, District Judge.
This is an appeal by Consolidated-Hammer from a decision of the Tax Court. The Commissioner of Internal Revenue has filed a cross-appeal.
The three issues presented for consideration are: (1) whether losses incurred in this case prior to a merger may be deducted as a loss carryover by the taxpayer in the years following the merger; (2) whether the appellant, an accrual basis taxpayer, may deduct real estate taxes in the year the taxes became a lien on the property or in the subsequent year when such taxes became payable; and (3) whether the appellant was…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. AndersonSupreme Court of the United States · 1926
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Mill Ridge Coal Company v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Norden-Ketay Corporation (Formerly Ketay Instrument Corporation) v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1963
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3Cited by2 opinions
- Consolidated-Hammer Dry Plate & Film Company v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Consolidated-Hammer Dry Plate & Film CompanyCourt of Appeals for the Seventh Circuit · 1969
- Hecathorn v. CommissionerUnited States Tax Court · 1972