Legal Opinion
San Joaquin Light & Power Corporation v. McLaughlin
Court of Appeals for the Ninth Circuit
Decided June 19, 1933No. 6883PublishedCited by 26 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
The San Joaquin Light & Power Corporation, hereinafter referred to as “the taxpayer,” brought this action to recover $35,717.22 income tax paid by it for the taxable year 1922. This amount is the tax imposed upon $285,737.79 income which the plaintiff contends is subject to an allowable deduction for that taxable year under section 234 (a) (2), (4) of the Revenue Act of 1921 (42 Stat. *678254). The deduction claimed is the sum of two items, one a premium of $105,000 paid to the bondholders upon a retirement of a 1020 bond issue of $2,625,000, and the other $180,737.70,…
2Cases cited6 opinions
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Western Maryland Ry. Co. v. Com'r of Internal RevenueCourt of Appeals for the Fourth Circuit · 1929
- Hills v. United StatesUnited States Court of Claims · 1931
- Hills v. United StatesUnited States Court of Claims · 1932
1 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- The Montana Power Company v. United StatesCourt of Appeals for the Third Circuit · 1956
- Roberts & Porter, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1962
- Union Trust Co. of Rochester v. United StatesCourt of Appeals for the Second Circuit · 1934
- Cities Service Company v. United StatesDistrict Court, S.D. New York · 1970
21 more not listed; retrieve them via the Exa API.