Legal Opinion
Calavo, Inc., and Calavo Growers of California, Successor to Assets and Liabilities of Calavo, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided May 25, 1962No. 17345PublishedCited by 26 opinions
1Opinion of the Court
MERRILL, Circuit Judge.
This case presents the question whether additions to a bad debt reserve may be made on the basis of circumstances rendering precarious (but not yet worthless) a specific item of indebtedness. The commissioner, ruling that such additions to reserve were not reasonable, determined deficiencies in income tax of Calavo, Inc., for the taxable years ending September 30, 1953, and September 30, 1955. The Tax Court upheld the commissioner and the taxpayer has petitioned for review.
Calavo Growers of California is a California corporation composed of avocado growers operating on…
2Cases cited5 opinions
- Black Motor Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- Black Motor Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- New York Water Service Corp. v. CommissionerUnited States Tax Court · 1949
- Hayes Spray Gun Co. v. E. C. Brown Co.Court of Appeals for the Ninth Circuit · 1961
- Houston Chronicle Publishing Co. v. CommissionerUnited States Tax Court · 1944
3Cited by26 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- United States v. Haskel Engineering & Supply CompanyCourt of Appeals for the Ninth Circuit · 1967
- Thor Power Tool Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1977
- Valmont Industries, Inc. v. CommissionerUnited States Tax Court · 1980
- Paul H. And Doris E. Travis, Petitioners-Respondents v. Commissioner of Internal Revenue, Respondent-PetitionerCourt of Appeals for the Sixth Circuit · 1969
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