Legal Opinion
First Nat. Bank v. Commissioner
Court of Appeals for the Fifth Circuit
Decided February 28, 1944No. 10771PublishedCited by 4 opinions
1Opinion of the Court
McCORD, Circuit Judge.
The Tax Court denied the First'National Bank of Fort Worth, Texas, a deduction on income taxes for the calendar year 1938, and it petitions for review.
The question: Did the Tax Court err in' denying taxpayer a deduction under Section 23 (k) of the Revenue Act of 1938, 26 U.S. C.A.Int.Rev.Acts, page 1013, in the sum of $52,219.11 for the year 1938 on account of a debt owed the taxpayer by the First National Bank of El Paso, Texas?
Statute and Regulations involved: Revenue Act of 1938, c. 289, 52 Stat. 447, Sec. 23, 26 U.S.C.A.Int.Rev.Acts, page 1011; Treasury Regulations…
2Cases cited8 opinions
- Bingham v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1939
- Shiman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
- Jones v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1930
- Blair v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1937
- Stephenson v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1930
3 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Old Colony Trust Associates v. HassettCourt of Appeals for the First Circuit · 1945
- Industrial Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1953
- Milford Trust Co. v. United StatesDistrict Court, D. Connecticut · 1945
- E. C. Palmer & Co. v. United StatesDistrict Court, E.D. Louisiana · 1944