Legal Opinion
Falk Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided July 6, 1932No. 4737PublishedCited by 14 opinions
1Opinion of the CourtSparks, Circuit Judge
(after stating the facts as above).
Tho first question presented by this appeal is whether petitioner is entitled to deduct in its income tax return for 1923 the amount which it paid to tbe state of Wisconsin in that year in payment of taxes assessed by the state in 1922 against another corporation, where it appears that tho petitioner had earlier acquired part of the assets of the other corporation, and in part payment for those assets had agreed to pay any back taxes which might be assessed against the other corporation.
The ruling of the Board is based on tho theory that taxes paid are…
2Cases cited9 opinions
- Meriwether v. GarrettSupreme Court of the United States · 1880
- United States v. UpdikeSupreme Court of the United States · 1930
- United States v. WoodwardSupreme Court of the United States · 1921
- Athol Mfg. Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1931
- Hill v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1930
4 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Friend v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1941
- Merchants Bank Bldg. Co. v. HelveringCourt of Appeals for the Eighth Circuit · 1936
- Commissioner of Internal Revenue v. CowardCourt of Appeals for the Third Circuit · 1940
- Lifson v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1938
- Owens v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1942
9 more not listed; retrieve them via the Exa API.