Legal Opinion
Douglas County Light & Water Co. v. Commissioner of Int. Rev.
Court of Appeals for the Ninth Circuit
Decided October 6, 1930No. 5863PublishedCited by 14 opinions
1Per curiam
This is an appeal from an order of the Board of Tax Appeals sustaining the action of respondent in disallowing a claimed deduction in appellant’s tax return for 1922 of $16,000, as a loss’ or on account of a bad debt. The evidence is not brought up, but only the board’s findings of fact. From these it appears that in 1912, upon the purchase by it of certain light and water systems, appellant executed bonds in the amount of $600,000, secured by a second mortgage or trust deed upon all its properties. One Welch, who had promoted the enterprise, became its president and acted in that capacity…
2Cases cited5 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- Union Bed & Spring Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1930
- John H. Farish & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1929
- Ardsley Club v. DureyDistrict Court, N.D. New York · 1930
- Ledger Co. v. United StatesUnited States Court of Claims · 1930
3Cited by14 opinions
- George M. Still, Inc. v. CommissionerUnited States Tax Court · 1953
- Dayton Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1937
- Pacific Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Iowa Southern Utilities Company v. The United StatesUnited States Court of Claims · 1965
- Gwinn Bros. & Co. v. CommissionerUnited States Tax Court · 1946
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