Legal Opinion
California Barrel Co. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided January 13, 1936No. 7826PublishedCited by 4 opinions
1Opinion of the Court
HANEY, Circuit Judge.
The petition herein asks review of an order of the Board of Tax Appeals entered in favor of the Commissioner in a proceeding wherein the petitioner sought an order determining that it was entitled to deduct $306,348.56 in computing its net income for the calendar year 1927, such deduction being part of an alleged loss sustained by another corporation in 1925.
The statute under which the deduction is claimed is in the Revenue Act of 1926 (Act of February 26, 1926, c. 27, § 206 (b), 44 Stat. 9, 17, 26 U.S.C.A. § 117 note) and is as follows: “If, for any taxable year, it…
2Cases cited11 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Kendrick Coal & Dock Co. v. Com'r of Internal RevenueCourt of Appeals for the Eighth Circuit · 1928
- Emerald Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1934
- California Iron Yards Co. v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1931
- Insurance & Title Guarantee Co. v. Com'r of Internal RevenueCourt of Appeals for the Second Circuit · 1929
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3Cited by4 opinions
- Janeway v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- American Box Shook Export Ass'n v. Commissioner of IRCourt of Appeals for the Ninth Circuit · 1946
- General Finance Co. v. CommissionerCourt of Appeals for the Third Circuit · 1936
- Ayer v. CommissionerCourt of Appeals for the First Circuit · 1939