Legal Opinion
Dixie, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided April 14, 1960No. 53, Docket 25580PublishedCited by 87 opinions
1Opinion of the Court
LEWIS, Circuit Judge.
Petitioner seeks review of a decision of the Tax Court upholding the assessment by the Commissioner of a deficiency of $22,053.11 in income surtax for the year 1952 against petitioner, a corporation owning and operating the Hotel Dixie in New York City. The assessment was made under Section 102 1 of the Internal Revenue Code of 1939, 26 U.S.C.A. § 102, and was premised upon the Commissioner’s disallowance of the sum of $258,660.81 2 from a total of $708,660.81 claimed by petitioner as a reasonable accumulation of profit and earnings. The balance was allowed as properly…
2Cases cited7 opinions
- Pelton Steel Casting Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- J. L. Goodman Furniture Co. v. CommissionerUnited States Tax Court · 1948
- I. A. Dress Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- F. E. Watkins Motor Co. v. CommissionerUnited States Tax Court · 1958
- World Pub. Co. v. United StatesCourt of Appeals for the Tenth Circuit · 1948
2 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- Faber Cement Block Co. v. CommissionerUnited States Tax Court · 1968
- John P. Scripps Newspapers v. CommissionerUnited States Tax Court · 1965
- Bremerton Sun Publishing Co. v. CommissionerUnited States Tax Court · 1965
- Barrow Manufacturing Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
- Estate of Goodall v. CommissionerCourt of Appeals for the Eighth Circuit · 1968
82 more not listed; retrieve them via the Exa API.