Legal Opinion
South Texas Lumber Co. v. Commissioner
Court of Appeals for the Fifth Circuit
Decided July 3, 1947No. 11896PublishedCited by 6 opinions
1Opinion of the Court
WALLER, Circuit Judge.
The Taxpayer, a corporation under the laws of Texas, which keeps its books and files its income and excess profits tax returns on the calendar year and on the accrual basis, made sales of certain real estate and elected to compute and report the profit from such sales on the installment basis as provided by Sec. 44(b) of the Internal Revenue Code, 26 U.S.C.A. Int.Rev. Code, § 44. The question presented is whether or not in computing the income and excess profits tax of the corporation for the year 1943 the corporation may, for excess profits credit, include as…
2Cases cited3 opinions
- Kimbrell's Home Furnishings, Inc. v. CommissionerUnited States Tax Court · 1946
- KIMBRELL'S HOME FURNISH. v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1947
- Commissioner of Internal Revenue v. Shenandoah Co.Court of Appeals for the Fifth Circuit · 1943
3Cited by6 opinions
- Latham Park Manor, Inc. v. CommissionerUnited States Tax Court · 1977
- Tilford v. CommissionerUnited States Tax Court · 1980
- Frederick Smith Enter. Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1948
- Busch's Kredit Jewelry Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1950
- Latham Park Manor, Inc. v. CommissionerUnited States Tax Court · 1977
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