Legal Opinion
Trinity Industries, Inc. and Subsidiaries v. Commissioner
United States Tax Court
Decided January 28, 2009No. 12395-06Unknown
1Opinion of the Court
132 T.C. No. 2
UNITED STATES TAX COURT TRINITY INDUSTRIES, INC. AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 12395-06. Filed January 28, 2009. Company T, a member of P’s affiliated group, contracted to build barges for two established customers; pursuant to an interim financing arrangement, part of the purchase price was deferred until 18 months after the delivery of each barge. The two customers later claimed damages from alleged defects in barges that they had previously purchased from T under earlier contracts; they withheld deferred payments due…
2Cases cited22 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Commissioner v. HansenSupreme Court of the United States · 1959
- Cal-Maine Foods, Inc. v. CommissionerUnited States Tax Court · 1989
- Marshall M. Chernin Ida Raye Chernin, Cross-Appellants/appellees v. United States of America, Appellant/cross-AppelleeCourt of Appeals for the Eighth Circuit · 1998
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