Legal Opinion
The Coca-Cola Company, a Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided December 15, 1966No. 18395PublishedCited by 14 opinions
1Opinion of the Court
MATTHES, Circuit Judge.
This tax case is before us on petition to review the decision of the Tax Court, not officially reported. 1
The question in controversy is whether Penndale, Inc. was entitled to accrue as year ending February 29, 1960, the sum of $109,352.02 for termination of the employment contract of one William S. Scull, II, and to deduct that expense under § 162(a) in computing its income taxes for that fiscal year. 2
The Tax Court viewed the controversy as presenting basically a fact question and found that no part of the amount paid to Scull constituted consideration for termination…
2Cases cited7 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Hamlin's Trust v. Commissioner of Internal Revenue. Nowel's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
- Crown Iron Works Company, a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1957
- John W. Rogers and Creta B. Rogers v. United StatesCourt of Appeals for the Ninth Circuit · 1961
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Major v. CommissionerUnited States Tax Court · 1981
- Leisure Dynamics, Inc., (Formerly Lakeside Industries, Inc.) v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1974
- Post Corp. v. United StatesUnited States Court of Claims · 1981
- Moscowitz v. United StatesDistrict Court, E.D. Missouri · 1970
- Leisure Dynamics, Inc. v. CommissionerUnited States Tax Court · 1973
9 more not listed; retrieve them via the Exa API.