Legal Opinion
Hotel Kingkade v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided February 10, 1950No. 3968PublishedCited by 57 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
This petition to review a decision of the Tax Court presents the question whether in determining the liability of Hotel Kingkade Company for income and declared value excess-profits taxes certain expenditures were deductible from gross income as ordinary and necessary expenses in carrying on a trade or business.
Section 23(a) of the Internal Revenue Code, 26 U.S.C.A. § 23(a), provides in presently material part that in computing net income there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on…
2Cases cited14 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Niles Bement Pond Co. v. United StatesSupreme Court of the United States · 1930
- Duffy v. Central R. Co. of NJSupreme Court of the United States · 1925
- Bank of California v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1943
- Hales-Mullaly, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1942
9 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Ft. Howard Paper Co. v. CommissionerUnited States Tax Court · 1967
- United States v. Victor H. And Elsie Akin, Fred C. And Alice M. Kluver, E.F. And Gladys MunroeCourt of Appeals for the Tenth Circuit · 1957
- FPL Group, Inc. v. CommissionerUnited States Tax Court · 2000
- The Colorado Springs National Bank, a National Banking Association v. United StatesCourt of Appeals for the Tenth Circuit · 1974
- Nachman v. Commissioner of Internal Revenue. Tobias v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
52 more not listed; retrieve them via the Exa API.