Legal Opinion
Good Will Distributors (Northern), Inc. v. Shaw
Supreme Court of North Carolina
Decided November 20, 1957No. 167PublishedCited by 13 opinions
1Opinion of the CourtRodman, J.
This case requires a construction of G.S. 105-147 (6d) which permits, under certain conditions, a deduction of a prior economic loss from current gross income to determine taxable income. We must apply “legislative intent” to a factual situation which we feel certain was not contemplated when the statute was enacted. Hence to determine the proper application of that statute to the facts of this case, we do not confine ourselves to that particular section of the tax law but look at all other statutory provisions which may assist in finding an answer to the question presented.
Express statutory…
2Cases cited17 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- White v. United StatesSupreme Court of the United States · 1938
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Helvering v. Metropolitan Edison Co.Supreme Court of the United States · 1939
- Standard Paving Co. v. Commissioner of Internal Revenue. Standard Paving Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1951
12 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Appeal of Clayton-Marcus Company, Inc.Supreme Court of North Carolina · 1974
- Hotel Corp. v. Taylor and Fletcher v. Foremans, Inc.Supreme Court of North Carolina · 1980
- In Re the Assessment of Additional Sales & Use Taxes Against Halifax Paper Co.Supreme Court of North Carolina · 1963
- Food House, Inc. v. Coble, SEC. of RevenueSupreme Court of North Carolina · 1976
- HATTERAS YACHT COMPANY v. HighSupreme Court of North Carolina · 1965
8 more not listed; retrieve them via the Exa API.