Legal Opinion
Okonite Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided April 18, 1946No. 9030PublishedCited by 19 opinions
1Opinion of the Court
GOODRICH, Circuit Judge.
This is a petition for review of a decision by the Tax Court. The Commissioner, respondent here, has determined certain deficiencies in income and excess profits taxes for 1936 and 1937 against Okonite, petitioner here. The Tax Court found in favor of the Commissioner, following full finding of facts and an opinion thereon. 4 T.C. 618. Only such facts will be stated here as are necessary to show the legal points presented by the taxpayer to this Court.
In 1927, Okonite issued and sold $2,000,-000 face amount of 15-year 5% percent debentures and $1,000,000 par value of 7…
2Cases cited9 opinions
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Skenandoa Rayon Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Knapp-Monarch Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1944
- Bazley v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1946
4 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Automobile Club of New York, Inc. v. CommissionerUnited States Tax Court · 1959
- E. I. Du Pont De Nemours and Company v. United StatesUnited States Court of Claims · 1961
- United States v. RexachDistrict Court, D. Puerto Rico · 1960
- Kaufman v. CommissionerUnited States Tax Court · 1971
- Fred Nesbit Distributing Co. v. United StatesDistrict Court, S.D. Iowa · 1985
14 more not listed; retrieve them via the Exa API.