Legal Opinion
Tri-State Transit Co. v. Stone
Mississippi Supreme Court
Decided December 20, 1943No. 35459PublishedCited by 3 opinions
1Opinion of the Court
Appellant filed its petition to revise its income tax return for the year 1941 so as to claim deduction for excess profits taxes paid to the Federal Government during that period. The petition was denied by the Commissioner and upon appeal to the State Tax Commission the former ruling was upheld. This action was reaffirmed upon appeal to the Chancery Court. Sections 29, 30, Chapter 120, Laws of 1934. Our attention has been focused upon Section 8 of this Act which is as follows: "In computing the net income there shall be allowed as deductions: (1) . . . (2) . . . (3) Taxes, other than income…
2Cases cited24 opinions
- Knowlton v. MooreSupreme Court of the United States · 1900
- New York Trust Co. v. EisnerSupreme Court of the United States · 1921
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Reinecke v. SmithSupreme Court of the United States · 1933
- Duggan v. Bay State Street Railway Co.Massachusetts Supreme Judicial Court · 1918
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3Cited by3 opinions
- Cook, Comm'r of Revenues v. Walters Dry GoodsSupreme Court of Arkansas · 1947
- McQueen Contracting, Inc., Cross-Appellant v. Fidelity & Deposit Company of Maryland, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1989
- Mississippi State Tax Commission v. Defenbaugh & Co. of ClevelandMississippi Supreme Court · 1967