Legal Opinion
Credit Bureau of Greater NY v. Commissioner of Int. Rev.
Court of Appeals for the Second Circuit
Decided June 26, 1947No. 252, Docket 20544PublishedCited by 15 opinions
1Opinion of the Court
FRANK, Circuit Judge.
Petitioner claims that it comes within the precise terms of the statutory exemption because it was not “organized” for profit. We will not consider that argument here, since the Tax Court based its decision primarily on Treasury Regulation 103, § 19.101(7)-!, which construes the exemption statute. The pertinent portions of the Regulation are as follows: “A business league is an association of persons having a common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit…
2Cases cited6 opinions
- Paymer v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- West Side Tennis Club v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- Sabatini v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1938
- Underwriters' Laboratories, Inc. v. CommissionerCourt of Appeals for the Seventh Circuit · 1943
- Retailers Credit Ass'n v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
1 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Carmack Et Ux. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1950
- Sanders v. CommissionerCourt of Appeals for the Tenth Circuit · 1955
- Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1947
- Leo Sanders and Jessie H. Sanders v. Commissioner of Internal Revenue, Leo Sanders v. Commissioner of Internal Revenue, Jessie H. Sanders v. Commissioner of Internal Revenue, T. Coleman Andrews, Commissioner of Internal Revenue, Arthur L. Fleming, District Commissioner of Internal Revenue for Oklahoma and Texas, and Earl R. Wiseman, Director of Internal Revenue at Oklahoma City, Oklahoma v. Leo Sanders and Jessie H. Sanders, (Two Cases)Court of Appeals for the Tenth Circuit · 1955
- National Muffler Dealers Association, Inc. v. United StatesCourt of Appeals for the Second Circuit · 1977
10 more not listed; retrieve them via the Exa API.