Legal Opinion
Commissioner v. Haskelite Mfg. Corp.
Court of Appeals for the Seventh Circuit
Decided June 25, 1942No. 7920PublishedCited by 3 opinions
1Opinion of the Court
MAJOR, Circuit Judge.
This is a petition for review of a decision by the United States Board of Tax Appeals, entered June 5, 1941, holding that there was no deficiency in respondent’s income tax for the year 1937. The validity of the decision is dependent upon the Board’s conclusion that respondent could not have distributed profits for the year 1937, because it was prohibited from declaring or paying dividends by a written contract executed prior to May 1, 1936, within the meaning of Section 26(c) (1) of the Revenue Act of 1936, 26 U.S.C.A. Int.Rev. Acts, page 836.
There is little, if any,…
2Cases cited3 opinions
- Helvering v. Northwest Steel Rolling Mills, Inc.Supreme Court of the United States · 1940
- Florence Cotton Mills v. CommissionerCourt of Appeals for the Fifth Circuit · 1942
- Bethlehem Silk Co. v. CommissionerCourt of Appeals for the Third Circuit · 1941
3Cited by3 opinions
- American Liberty Pipe Line Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1944
- Houston Cotton Exchange Bldg. Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1943
- Little John Coal Co. v. SmithCourt of Appeals for the Seventh Circuit · 1943