Legal Opinion
Anderson, Clayton & Co. v. United States
United States Court of Claims
Decided December 3, 1958No. 232-55PublishedCited by 5 opinions
1Opinion of the Court
LARAMORE, Judge.
This is a suit for the refund of income taxes. The claim is predicated on the disallowance by the Commissioner of Internal Revenue of a deduction in the amount of $413,463.19 for the year 1950.
Plaintiff is a domestic corporation with its principal offices in Houston, Texas. During the fiscal year ending July 31, 1950, and for many years prior thereto, plaintiff was engaged in the business of merchandising cotton in the United States and abroad, including Egypt. Its books and records are kept on a fiscal year basis and its Federal tax returns have been filed on the accrual…
2Cases cited3 opinions
- Frederick Vietor & Achelis v. Salt's Textile Mfg. Co.District Court, D. Connecticut · 1928
- Tiscornia v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1938
- Warner Bros. Co. v. United StatesCourt of Appeals for the Second Circuit · 1954
3Cited by5 opinions
- Anderson, Clayton & Co., Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Columbian Rope Co. v. CommissionerUnited States Tax Court · 1964
- Maryland Savings-Share Insurance v. United StatesUnited States Court of Claims · 1981
- Anderson, Clayton & Co. v. United StatesDistrict Court, S.D. Texas · 1974
- Columbian Rope Co. v. CommissionerUnited States Tax Court · 1964