Legal Opinion
National Farmers Union Service Corporation v. United States
Court of Appeals for the Tenth Circuit
Decided September 23, 1968No. 9651PublishedCited by 14 opinions
1Opinion of the Court
SETH, Circuit Judge.
This appeal has been taken from a judgment by the trial court which dismissed part of appellant taxpayer’s claim for refund of federal corporate income taxes. The taxpayer claimed a refund for the years 1955 and 1957 based upon , , , T ,. , loss carry-backs. In computing the losses taxpayer deducted certain payments it had made as interest on promissory notes given to its parent corporation, National Farmers Union. The Commissioner disallowed these deductions, holding that they did not represent payments of interest on indebtedness within the meaning of section 163(a) of…
2Cases cited15 opinions
- John Kelley Co. v. CommissionerSupreme Court of the United States · 1946
- Benjamin D. And Madeline Prentice Gilbert, on Review v. Commissioner of Internal Revenue, on ReviewCourt of Appeals for the Second Circuit · 1959
- Jack Daniel Distillery, Lem Motlow, Prop., Inc. v. The United StatesUnited States Court of Claims · 1967
- Charter Wire, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1962
- P. M. Finance Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1962
10 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Sears, Roebuck and Co. And Affiliated Corporations, Cross-Appellee v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Seventh Circuit · 1992
- Davis v. Cities Service Oil Co.Court of Appeals for the Tenth Circuit · 1970
- Mobil Oil Corp. v. United StatesUnited States Court of Claims · 1985
- Medco Products Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1975
- Southwest Grease & Oil Co. v. United StatesDistrict Court, D. Kansas · 1969
9 more not listed; retrieve them via the Exa API.