Legal Opinion
J. G. Dudley Company, Incorporated (Formerly Headen Hosiery Mills, Incorporated) v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided January 11, 1962No. 8436_1PublishedCited by 36 opinions
1Opinion of the Court
SOPER, Circuit Judge.
This case involves the application of the carry-over provisions of Section 122 (b) (2) (B) of the Internal Revenue Code of 1939, 26 U.S.C.A. § 122(b) (2) (B), under which losses incurred by a¿ taxpayer in earlier years may be carried over and deducted in computing the taxable income in the tax year. The benefit of this section was claimed by the taxpayer in this case for the years 1954 and 1955 but was denied by the Commissioner who determined deficiencies in income tax of $3,604.47 for 1954 and $5,907.96 for 1955 which were upheld by the Tax Court under the following…
2Cases cited7 opinions
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Baker-Cammack Hosiery Mills, Inc. v. Davis Co.Court of Appeals for the Fourth Circuit · 1950
- Mill Ridge Coal Company v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Newmarket Manufacturing Company v. United StatesCourt of Appeals for the First Circuit · 1956
- Commissioner of Internal Revenue v. Virginia Metal Products, Inc., Virginia Metal Products, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1961
2 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Ach v. CommissionerUnited States Tax Court · 1964
- Humacid Co. v. CommissionerUnited States Tax Court · 1964
- J. T. Slocomb Company v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1964
- H. F. Ramsey Co. v. CommissionerUnited States Tax Court · 1965
- Norden-Ketay Corporation (Formerly Ketay Instrument Corporation) v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1963
31 more not listed; retrieve them via the Exa API.