Legal Opinion
Millinery Center Building Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided April 14, 1955No. 23150_1PublishedCited by 15 opinions
1Opinion of the Court
CLARK, Chief Judge.
This petition for review contests the finding of a deficiency in petitioner’s excess profits tax for 1945, based on the refusal to allow as a business expense the amount paid to terminate an allegedly burdensome lease. The issue concerns the tax consequences of a contract between the taxpayer and its landlord whereby the taxpayer acquired the real estate in question and thus obtained cancellation of the lease. The taxpayer as tenant and at its own cost had erected a 22-story loft building on the leased premises, to belong to the taxpayer only as long as the lease was in…
2Cases cited8 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Friend v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1941
- Willcuts v. Minnesota Tribune Co.Court of Appeals for the Eighth Circuit · 1939
- Cleveland Allerton Hotel v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1948
- Millinery Center Bldg. Corp. v. CommissionerUnited States Tax Court · 1954
3 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Millinery Center Building Corp. v. CommissionerSupreme Court of the United States · 1956
- World Publishing Company v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
- Frieda Bernstein v. Commissioner of Internal Revenue, and Three Other Consolidated CasesCourt of Appeals for the Second Circuit · 1956
- Goelet v. United StatesDistrict Court, S.D. New York · 1958
- The 1220 Realty Company v. Commissioner of Internal Revenue, Wheeler-Annex Properties, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
10 more not listed; retrieve them via the Exa API.