North American Coal Corp. v. Commissioner
United States Board of Tax Appeals
Respondent's action in including in income of 1927 and 1928 credit balances, consisting of items accrued on its books of account six years or more prior thereto as liabilities for merchandise coal, freight, wages, freight war tax refunds, and miscellaneous items, approved, where the evidence does not disclose that such items represented in the years involved true accounts payable which petitioner was obligated to pay or claims asserted against the petitioner.
1Opinion of the Court
NORTH AMERICAN COAL CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
North American Coal Corp. v. Commissioner
Docket Nos. 51712, 52492.
United States Board of Tax Appeals
32 B.T.A. 535; 1935 BTA LEXIS 935;
April 30, 1935, Promulgated
Respondent's action in including in income of 1927 and 1928 credit balances, consisting of items accrued on its books of account six years or more prior thereto as liabilities for merchandise coal, freight, wages, freight war tax refunds, and miscellaneous items, approved, where the evidence does not disclose that such items represented in the…
2Cases cited17 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Campbell v. HoltSupreme Court of the United States · 1885
- Weiss v. WeinerSupreme Court of the United States · 1929
- Warburton v. WhiteSupreme Court of the United States · 1900
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