Legal Opinion
Commissioner of Internal Revenue v. Highway Trailer Co.
Court of Appeals for the Seventh Circuit
Decided July 25, 1934No. 5143PublishedCited by 21 opinions
1Opinion of the Court
SPARKS, Circuit Judge.
This petition to review a decision of the Board of Tax Appeals presents the very troublesome question as to the year in which the taxpayer should be allowed to take a deduction for loss by fire under the statute which provides that deductions shall be allowed for losses sustained during the taxable year and not compensated for by insurance or oihcrwise. 26 USCA § 986 (a) (4).
Respondent, a Wisconsin corporation engaged in the manufacture of trailer and steel dump bodies, suffered a fire in 1921 which destroyed property to the value of $165,739 not covered by insurance. It…
2Cases cited6 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Lewellyn v. Electric Reduction Co.Supreme Court of the United States · 1927
- Burnet v. HuffSupreme Court of the United States · 1933
- Highway Trailer Co. v. Janesville Electric Co.Wisconsin Supreme Court · 1925
1 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- H. Liebes & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Estate of Scofield v. CommissionerUnited States Tax Court · 1956
- Estate of Scofield v. CommissionerCourt of Appeals for the Sixth Circuit · 1959
- Commissioner of Internal Revenue v. MacDonald Eng. Co.Court of Appeals for the Seventh Circuit · 1939
- Dayton Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1937
16 more not listed; retrieve them via the Exa API.