Legal Opinion
Pacific Nat. Bank v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 21, 1937No. 8276PublishedCited by 15 opinions
1Opinion of the Court
MATHEWS, Circuit Judge.
In its income tax return for 1931, petitioner, the Pacific National Bank of Seattle, claimed a deduction of $11,209.08 on account of debts ascertained to be partially worthless and recoverable only in part and, for that reason, charged off in part within the taxable year. The debts in question were interest-bearing bonds owned and held by petitioner. Respondent, the Commissioner of Internal Revenue, disallowed the deduction and, in consequence of such disallowance, determined that there was a deficiency of $1,331.65 in respect of petitioner’s income tax for 1931. The…
2Cases cited9 opinions
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
- Commissioner of Internal Revenue v. Van VorstCourt of Appeals for the Ninth Circuit · 1932
- American Sav. Bank & Trust Co. v. BurnetCourt of Appeals for the Ninth Circuit · 1930
- Douglas County Light & Water Co. v. Commissioner of Int. Rev.Court of Appeals for the Ninth Circuit · 1930
- American Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1929
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Carolyn Brafman v. United StatesCourt of Appeals for the Fifth Circuit · 1967
- Commissioner of Internal Revenue v. CaulkinsCourt of Appeals for the Sixth Circuit · 1944
- McClain v. CommissionerSupreme Court of the United States · 1941
- Andres Iglesias v. The United States of AmericaCourt of Appeals for the Second Circuit · 1988
- McCord v. Granger, Collector of Internal Revenue for 23rd District of PennsylvaniaCourt of Appeals for the Third Circuit · 1952
10 more not listed; retrieve them via the Exa API.