Legal Opinion
H. D. Lee Mercantile Co. v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided August 26, 1935No. 1181PublishedCited by 17 opinions
1Opinion of the Court
McDERMOTT, Circuit Judge.
In its return of income for 1927, petitioner deducted $42,688.91 as a business loss. The Commissioner disallowed it and the Board of Tax Appeals affirmed. The circumstances are these:
In 1919 petitioner ordered 500,000 yards of cloth from Woodward, Baldwin & Co., for delivery between March and September, 1920, at 39% cents a yard. Thirty thousand yards were delivered in April, 1920, made up into clothing and paid for. Petitioner claimed the cloth was not up to standard. Additional shipments came in until August, 1920, totaling 103,000 yards. These shipments were paid…
2Cases cited10 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Lewellyn v. Electric Reduction Co.Supreme Court of the United States · 1927
5 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Standard Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1942
- Perry v. CommissionerUnited States Tax Court · 1954
- Investers Diversified Services, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Herder v. HelveringCourt of Appeals for the D.C. Circuit · 1939
- Proesel v. CommissionerUnited States Tax Court · 1981
12 more not listed; retrieve them via the Exa API.