Legal Opinion
Reading Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided October 23, 1942No. 7991PublishedCited by 31 opinions
1Opinion of the Court
JONES, Circuit Judge.
In its income tax returns for the years 1936 and 1937 the petitioner made certain deductions for losses and bad debts which the Commissioner of Internal Revenue disallowed. The Board of Tax Appeals sustained the consequent deficiency assessments in a decision which the taxpayer has petitioned us to review.
The pertinent sections of the revenue law are § 23 (k) of the Act of 1936, 26 U.S.C.A. Int.Rev.Acts, page 828, which permits the deduction from gross income of debts ascertained to be worthless and charged off within the taxable year, and § 23(f) of the same Act, which…
2Cases cited24 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Eckert v. BurnetSupreme Court of the United States · 1931
- Helvering v. RankinSupreme Court of the United States · 1935
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- Wilmington Trust Co. v. HelveringSupreme Court of the United States · 1942
19 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Putnam v. CommissionerSupreme Court of the United States · 1956
- National Carbide Corp. v. CommissionerSupreme Court of the United States · 1949
- Bihlmaier v. CommissionerUnited States Tax Court · 1951
- Leicht v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1943
- Wilson v. CommissionerUnited States Tax Court · 1963
26 more not listed; retrieve them via the Exa API.