Catholic News Publishing Co. v. Commissioner
United States Tax Court
For several years prior to 1943 petitioner's president served as treasurer and president of the Catholic Press Association, of which petitioner was a member. An extended controversy arose, based on a claim by the association that petitioner's president in his official capacity as treasurer of the association had failed to invest certain association funds which otherwise would have accrued considerable interest.
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For several years prior to 1943 petitioner's president served as treasurer and president of the Catholic Press Association, of which petitioner was a member. An extended controversy arose, based on a claim by the association that petitioner's president in his official capacity as treasurer of the association had failed to invest certain association funds which otherwise would have accrued considerable interest. The president stoutly denied any malfeasance or personal liability to the association and refused to pay the claim. Subsequently the controversy began to have an adverse effect on…
1Opinion of the Court
The Catholic News Publishing Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Catholic News Publishing Co. v. Commissioner
Docket No. 12447
United States Tax Court
10 T.C. 73; 1948 U.S. Tax Ct. LEXIS 289;
January 14, 1948, Promulgated
Decision will be entered under Rule 50.
For several years prior to 1943 petitioner's president served as treasurer and president of the Catholic Press Association, of which petitioner was a member. An extended controversy arose, based on a claim by the association that petitioner's president in his official capacity as treasurer of the association…
2Cases cited4 opinions
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Scruggs-Vandervoort-Barney, Inc. v. CommissionerUnited States Tax Court · 1946
- Catholic News Publishing Co. v. CommissionerUnited States Tax Court · 1948
- Gilt Edge Textile Corp. v. CommissionerUnited States Tax Court · 1947