KWTX Broadcasting Co. v. Commissioner
United States Tax Court
1. Petitioner, the owner and operator of a radio station at Waco, Texas, in 1954, applied to the Federal Communications Commission for a permit to construct and operate a television station in Waco. Another corporation of Waco filed a similar application. A hearing on these two applications was held by an examiner of the F.C.C. and after such examination the examiner recommended that petitioner's application be granted.
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1. Petitioner, the owner and operator of a radio station at Waco, Texas, in 1954, applied to the Federal Communications Commission for a permit to construct and operate a television station in Waco. Another corporation of Waco filed a similar application. A hearing on these two applications was held by an examiner of the F.C.C. and after such examination the examiner recommended that petitioner's application be granted. The other applicant appealed to the F.C.C. from this recommendation. Pending such appeal petitioner and the other applicant agreed that the latter would withdraw its appeal if…
1Opinion of the Court
OPINION.
Black, Judge:
Petitioner in its brief states its respective contentions as Point One and Point Two. We shall examine and consider these points in their order.
Point One.
Petitioner states this point as follows:
During the taxable year of 1954, Petitioner entered an agreement with Waco Television Corporation whereby it agreed to reimburse Waco Television Corporation for its expenses, not to exceed $45,000.00, incurred in submitting an application to construct and operate a television station on Channel 10 in exchange for Waco Television Corporation’s agreement to make a motion to dismiss…
2Cases cited2 opinions
- Radio Station WBIR, Inc. v. CommissionerUnited States Tax Court · 1959
- All States Freight, Inc. v. United StatesDistrict Court, N.D. Ohio · 1947
3Cited by38 opinions
- Richmond Television Corporation v. United StatesCourt of Appeals for the Fourth Circuit · 1965
- Herbert W. Dustin and Kathleen C. Dustin v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1972
- Dustin v. CommissionerUnited States Tax Court · 1969
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Westinghouse Broadcasting Co. v. CommissionerUnited States Tax Court · 1961
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