Legal Opinion
Steele-Wedeles Co. v. Commissioner of Int. Rev.
Court of Appeals for the Seventh Circuit
Decided February 28, 1933No. 4758PublishedCited by 6 opinions
1Opinion of the Court
LINDLEY, District Judge.
Petitioner seeks to reverse a decision of the United States Board of Tax Appeals fixing against petitioner a deficiency in income and excess profits taxes for the year 1918 of $15,398.23. The contention is that the board should have included in invested capital, (1) ■$125,000, the difference between the cash expended for a certain long time leasehold and what is claimed to have been its real market value when so purchased in 1907 and at all times thereafter; (2) $119,873.02, being the ■cost of permanent improvements placed upon ■the leasehold by a tenant; and (3)…
2Cases cited9 opinions
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Minnesota Ex Rel. Whipple v. MartinsonSupreme Court of the United States · 1921
- O'MEARA v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1929
- Boggs & Buhl v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1929
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Commissioner of Internal Revenue v. Erie Forge Co.Court of Appeals for the Third Circuit · 1948
- Second Carey Trust v. HelveringCourt of Appeals for the D.C. Circuit · 1942
- Consolidated Coke Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1934
- Commissioner of Internal Revenue v. Fifth Avenue BankCourt of Appeals for the Third Circuit · 1936
- Commissioner of Internal Revenue v. SussmanCourt of Appeals for the Second Circuit · 1939
1 more not listed; retrieve them via the Exa API.