Legal Opinion
Imperial Type Metal Co. v. Commissioner of Int. Rev.
Court of Appeals for the Third Circuit
Decided August 10, 1939No. 7006PublishedCited by 15 opinions
1Opinion of the Court
MARIS, Circuit Judge.
This petition by the Imperial Type Metal Company to review a decision of the Board of Tax Appeals determining its income tax liability for the years 1933 and 1934, raises three issues. They will be separately considered.
1. Bad Debt Reserve Deduction.
In its income tax return for the year 1933 the petitioner claimed a bad debt deduction in the amount of $11,100, this amount having been added to its reserve for bad debts in that year. The petitioner’s accounts receivable at the beginning of 1933 were $100,010.62 and at the end of the year $142,786.65. The reserve at the…
2Cases cited5 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Helvering v. RankinSupreme Court of the United States · 1935
- Elmhurst Cemetery Co. of Joliet v. CommissionerSupreme Court of the United States · 1937
- George La Monte & Son v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
3Cited by15 opinions
- Roth Steel Tube Co. v. CommissionerUnited States Tax Court · 1977
- Commissioner of Int. Rev. v. Rowan Drilling Co.Court of Appeals for the Fifth Circuit · 1942
- United States v. YergerDistrict Court, E.D. Pennsylvania · 1944
- Fourth Ave. Amusement Co. v. Glenn, Collector of Internal Revenue for KentuckyCourt of Appeals for the Fourth Circuit · 1953
- Financial Credit Corp. v. United StatesDistrict Court, D. Idaho · 1962
10 more not listed; retrieve them via the Exa API.