Legal Opinion
Wall Industries, Inc. v. United States
United States Court of Claims
Decided May 28, 1986No. 448-82TPublishedCited by 22 opinions
1Opinion of the Court
OPINION
REGINALD W. GIBSON, Judge:
I. Introduction
This is a tax- refund suit in which the plaintiff, Wall Industries, Inc., seeks a refund of $339,723 in 1974 federal corporate income taxes, plus statutory interest. The claim is based on a 1977 net operating loss (NOL) deduction of $701,694 which plaintiff alleges the Internal Revenue Service (IRS) should have carried back administratively to its 1974 taxable year so as to allow a deduction which would have resulted in a refund of corporate income taxes (i.e., $339,723) previously paid for such year. While defendant has stipulated to the…
2Cases cited28 opinions
- McNutt v. General Motors Acceptance Corp.Supreme Court of the United States · 1936
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
- Mortensen v. First Federal Savings & Loan Ass'nCourt of Appeals for the Third Circuit · 1977
- Fed. Sec. L. Rep. P 95,614 the Exchange National Bank of Chicago v. Touche Ross & Co.Court of Appeals for the Second Circuit · 1976
- United States v. Felt & Tarrant Manufacturing Co.Supreme Court of the United States · 1931
23 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Minehan v. United StatesUnited States Court of Federal Claims · 2007
- Maniere v. United StatesUnited States Court of Federal Claims · 1994
- United States v. Commercial National Bank of Peoria, as of the Estate of Joseph G. O'BrienCourt of Appeals for the Seventh Circuit · 1989
- Metzger, Shadyac & Schwartz v. United StatesUnited States Court of Claims · 1986
- Wall Industries, Inc. v. United StatesUnited States Court of Claims · 1988
17 more not listed; retrieve them via the Exa API.