Legal Opinion
Reo Motors, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided February 23, 1955No. 11300_1PublishedCited by 42 opinions
1Opinion of the Court
STEWART, Circuit Judge.
In the Tax Court petitioner sought a redetermination of a claimed deficiency in its excess profits tax for 1942. The sole question in issue was whether a capital loss sustained in 1941 could be carried over to 1942 and deducted from gross income for that year as an ordinary operating loss. It was stipulated by the parties in the Tax Court that the Commissioner’s computation of petitioner’s excess profits net income and excess profits credit, based on invested' capital, were correct when computed without the claimed net operating loss deduction or net operating loss…
2Cases cited8 opinions
- United States v. MorganSupreme Court of the United States · 1954
- United States v. MayerSupreme Court of the United States · 1914
- Goldsmith v. United States Board of Tax AppealsSupreme Court of the United States · 1926
- La Floridienne J. Buttgenbach & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1933
- Reo Motors, Inc. v. CommissionerSupreme Court of the United States · 1950
3 more not listed; retrieve them via the Exa API.
3Cited by42 opinions
- Ben Abatti and Margaret Abatti v. Commissioner of the Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1988
- Josephine C. Toscano AKA Josephine C. Zelasko v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1971
- Kluger v. CommissionerUnited States Tax Court · 1984
- William H. Kenner and Eleanor v. Kenner v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1968
- Bessie Lasky and Jesse L. Lasky v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1956
37 more not listed; retrieve them via the Exa API.