Legal Opinion
Boston Elevated Railway Co. v. Commissioner
United States Tax Court
Decided May 16, 1951No. Docket No. 12893PublishedCited by 25 opinions
1Opinion of the Court
OPINION.
Raum, Judge:
1. Petitioner employed the accrual method of accounting, and there is no dispute here that payments due from the State of Massachusetts on account of the so-called cost of service deficits would constitute taxable income in the year or years that they were properly accruable. Boston Elevated Railway Co., 45 B. T. A. 906, affd. (C. A. 1), 131 F. 2d 161, certiorari denied, 318 U. S. 760. The cost of service deficits herein for which petitioner sought reimbursement from the state were claimed to be $2,341,167.29 for the 12-month period ending March 31, 1941, and $1,311,406.44…
2Cases cited24 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
19 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Midwest Motor Express, Inc. v. CommissionerUnited States Tax Court · 1956
- Foster Wheeler Corp. v. Comm'rUnited States Tax Court · 1953
- Globe Corp. v. CommissionerUnited States Tax Court · 1953
- All Americas Trading Corp. v. CommissionerUnited States Tax Court · 1958
- Seminole Rock & Sand Co. v. CommissionerUnited States Tax Court · 1952
20 more not listed; retrieve them via the Exa API.