Legal Opinion
General Water Heater Corp. v. Com'r of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided July 7, 1930No. 6070PublishedCited by 10 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
The petitioner was assessed for deficiency of income tax for the years 1921 and 1922 upon the ground that the salaries and bonuses voted by the petitioning corporation to its officers were unreasonably large. The resolution authorizing the payment of salary fixed a lump sum for each officer, and a second resolution added thereto a bonus for the years of 1921 and 1922. The total of salary and bonus voted to the officers of the corporation for the year ending March 31,1921, was $20,-766.39 and for the year ending March 31, 1922, was $24,359.99. The portion of the salary…
2Cases cited5 opinions
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- Becker Bros. v. United StatesCourt of Appeals for the Second Circuit · 1925
- Andrews v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Marble & Shattuck Chair Co. v. Com'r of Internal RevenueCourt of Appeals for the Sixth Circuit · 1930
3Cited by10 opinions
- Elliotts, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1983
- Alexander Sprunt & Son v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1933
- Sunset Scavenger Co. v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1936
- LE Pinkham Med. Co. v. Com'r of Internal RevenueCourt of Appeals for the First Circuit · 1942
- Independent I. & C. Storage Co. v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1931
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