Legal Opinion
Decatur Water Supply Co. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 25, 1937No. 6019PublishedCited by 5 opinions
1Opinion of the Court
BRIGGLE, District Judge.
This is a petition to review the decision of the Board of Tax Appeals, affirming an order of the Commissioner, levying a deficiency assessment against the petitioner for income tax for the years 1929, 1930, and 1931. The question for determination is whether money received in those years and applied by the taxpayer in retirement of its preferred stock is “income” within the meaning of the Revenue Act of 1928 (45 Stat. 791).
The facts were stipulated before the Board and may be summarized, as follows: Due to a combination of circumstances, not here important, the city of…
2Cases cited3 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Edwards v. Cuba RailroadSupreme Court of the United States · 1925
3Cited by5 opinions
- Roerich v. HelveringCourt of Appeals for the D.C. Circuit · 1940
- Caswell's Estate v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Ninth Circuit · 1954
- Keokuk & Hamilton Bridge, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1950
- City of Woodway, McLennan County, Texas v. United StatesCourt of Appeals for the Fifth Circuit · 1982
- Keokuk & Hamilton Bridge, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1950