Legal Opinion
Boynton v. Pedrick
District Court, S.D. New York
Decided October 29, 1954PublishedCited by 15 opinions
1Opinion of the Court
EDWARD P. MURPHY, District Judge.
Defendant moves for a directed verdict on the issue of the correctness of the assessed deficiencies and the incident interest. All agree that the correctness of the assessed penalties involves a question of fact for the jury’s determination.
The material facts are relatively simple. Plaintiff is in the business of buying, processing and selling sheepskins. Over ninety per cent of his business is done on credit. He maintained his books on an accrual basis with one ■exception. Inventories were taken, used by his accountant in preparing a yearly profit and loss…
2Cases cited10 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Crane v. CommissionerSupreme Court of the United States · 1947
- Douglas v. WillcutsSupreme Court of the United States · 1935
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
5 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Ft. Howard Paper Co. v. CommissionerUnited States Tax Court · 1967
- Wilkinson-Beane, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1970
- Ezo Products Co. v. CommissionerUnited States Tax Court · 1961
- PETERSON PRODUCE COMPANY v. United StatesDistrict Court, W.D. Arkansas · 1962
- Boynton v. PedrickCourt of Appeals for the Second Circuit · 1955
10 more not listed; retrieve them via the Exa API.