Legal Opinion
Bay Sound Transportation Company v. United States
Court of Appeals for the Fifth Circuit
Decided May 30, 1969No. 25729_1PublishedCited by 19 opinions
1Opinion of the Court
LEWIS R. MORGAN, Circuit Judge:
These related income tax refund actions were consolidated and tried before the District Court sitting without a jury. This appeal by the taxpayers is taken from portions of twenty-six (26) judgments of the District Court. The three issues presented to this Court are:
1. Whether the taxpayers’ estimated useful lives of certain vessels were “reasonable” in claiming a depreciation allowance. Section 167 of the Internal Revenue Code of 1954.
2. Whether taxpayer C. W. Edwards is entitled to deduct claimed business entertainment expenses in the absence of any record…
2Cases cited11 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Sartor v. Arkansas Natural Gas Corp.Supreme Court of the United States · 1944
- W. Horace Williams, Sr., and Viola Bloch Williams v. United StatesCourt of Appeals for the Fifth Circuit · 1957
- American Pipe & Steel Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
6 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Ronald L. Lerch and Dalene Lerch v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Seventh Circuit · 1989
- Ellis Banking Corporation v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Eleventh Circuit · 1982
- Ernest L. Posey and Kathleen v. Posey, Husband and Wife v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- Albert L. Mersel and Michael Mersel T/a Mike's News & Sundries v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Vulcan Materials Company v. United StatesCourt of Appeals for the Fifth Circuit · 1971
14 more not listed; retrieve them via the Exa API.