Legal Opinion
Massey Motors, Inc. v. United States
Supreme Court of the United States
Decided June 27, 1960No. 141PublishedCited by 275 opinions
1Opinion of the CourtJustice Clark
These consolidated cases involve the depreciation allowance for automobiles used in rental and allied service, as claimed under § 23 (1) of the Internal Revenue Code of 1939, which permits the deduction for income tax purposes of a “reasonable allowance for the exhaustion, wear and tear ... of property used in the trade or business.” The applicable Treasury Regulations 111, § 29.23 (1) — 1, defines such allowance to be “that amount which should be set aside for the taxable year in accordance with a reasonably consistent plan . . . whereby the aggregate of the amounts so set aside, plus the…
2Cases cited7 opinions
- United States v. LudeySupreme Court of the United States · 1927
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Weir Long Leaf Lumber Co. v. CommissionerUnited States Tax Court · 1947
- Wier Long Leaf Lumber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1949
- Robley H. Evans and Julia M. Evans v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
2 more not listed; retrieve them via the Exa API.
3Cited by275 opinions
- Elnora G. POPE, Plaintiff-Appellant, v. Donna E. SHALALA, Secretary of Health and Human Services, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1993
- Commissioner v. Idaho Power Co.Supreme Court of the United States · 1974
- Siegel v. CommissionerUnited States Tax Court · 1982
- Electric & Neon, Inc. v. CommissionerUnited States Tax Court · 1971
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
270 more not listed; retrieve them via the Exa API.