Legal Opinion
Commissioner of Internal Rev. v. BANK OF CALIFORNIA, ETC.
Court of Appeals for the Ninth Circuit
Decided December 5, 1935No. 7739PublishedCited by 11 opinions
1Opinion of the Court
MATHEWS, Circuit Judge.
Respondent collected and received, in 1928 and 1929, the interest on certain bonds held by it, all of which were, as to principal and interest, exempt from federal taxation. In respondent’s income tax returns for 1928 and 1929, the interest on these bonds was not included as taxable income. ■The -Commissioner of Internal Revenue held that it should have been so included, and accordingly determined deficiencies in respondent's income taxes for those years in the aggregate amount of $4,060.28. Respondent petitioned the Board of Tax Appeals for a redetermination. The Board…
2Cases cited5 opinions
- Phillips v. CommissionerSupreme Court of the United States · 1931
- Burnet v. LeiningerSupreme Court of the United States · 1932
- Commissioner of Internal Revenue v. EldridgeCourt of Appeals for the Ninth Circuit · 1935
- Bank of California, Nat'l Asso. v. CommissionerUnited States Board of Tax Appeals · 1934
- Commissioner v. GerardCourt of Appeals for the Ninth Circuit · 1935
3Cited by11 opinions
- American National Bank of Austin v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Citizens National Bank of Waco v. United StatesUnited States Court of Claims · 1977
- Holmby Corporation v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1936
- Massman Construction Co. v. Director of RevenueSupreme Court of Missouri · 1989
- Buck v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1936
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