Legal Opinion
Korn Industries, Inc. v. United States
United States Court of Claims
Decided April 14, 1976No. 268-74PublishedCited by 22 opinions
1Opinion of the CourtNichols, Judge
Plaintiff, Korn Industries, Inc., brings this action to recover Federal income taxes of $27,618.80 for the taxable year ended November 30, 1969, plus statutory interest. We *561have jurisdiction pursuant to 28 TJ.S.C. § 1491. The question before the court is whether the taxpayer’s inclusion of three additional items of cost in computing its finished goods inventory for taxable year 1969, not previously included, constituted a change in the plaintiff’s method of accounting within the meaning of Sec. 481 of the Internal Revenue Code of 1954. We hold for plaintiff.
The material facts are not in…
2Cases cited4 opinions
- Graff Chevrolet Company v. Ellis Campbell, Jr., District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
- Herbert S. Witte v. Commissioner of Internal RevenueCourt of Appeals for the D.C. Circuit · 1975
- Commissioner of Internal Revenue v. Thompson I. Welch, Individually, Thomspon I. Welch, Individually v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
- Eldo Grogan and Mrs. Effie Grogan v. United StatesCourt of Appeals for the Fifth Circuit · 1973
3Cited by22 opinions
- Wayne Bolt & Nut Co. v. CommissionerUnited States Tax Court · 1989
- Diebold, Incorporated v. The United StatesCourt of Appeals for the Federal Circuit · 1990
- Superior Coach of Florida, Inc. v. CommissionerUnited States Tax Court · 1983
- Diebold, Inc. v. United StatesUnited States Court of Claims · 1989
- Huffman v. CommissionerCourt of Appeals for the Sixth Circuit · 2008
17 more not listed; retrieve them via the Exa API.