Legal Opinion
Waynesboro Knitting Company v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided August 29, 1955No. 11556_1PublishedCited by 7 opinions
1Opinion of the Court
STALEY, Circuit Judge.
The taxpayer, Waynesboro Knitting Company, appeals from a decision 1 of the tax court sustaining the Commissioner of Internal Revenue’s determination of an income tax deficiency of $9,953.05 for the year 1948.
The relevant facts were stipulated. During the years 1926 to 1931, $488,-010.60 was embezzled from the taxpayer by one of its officers. When the embez-zlements were discovered in 1931, the officer was dismissed and a settlement effected whereby the officer transferred all of his assets to the taxpayer in partial restitution, and the taxpayer relinquished any further…
2Cases cited7 opinions
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Bowers v. Kerbaugh-Empire Co.Supreme Court of the United States · 1926
- Farr v. CommissionerUnited States Tax Court · 1948
- Sloane v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Continental Illinois Nat'l Bank & Trust Co. v. CommissionerUnited States Tax Court · 1977
- Allstate Insurance Company v. The United StatesCourt of Appeals for the Federal Circuit · 1991
- Crystal Lake Cemetery Association, a Minnesota Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1969
- American Financial Corp. v. CommissionerUnited States Tax Court · 1979
- Smith v. United StatesDistrict Court, D. Maryland · 1965
2 more not listed; retrieve them via the Exa API.