Legal Opinion
Franklin County Distilling Co. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided February 12, 1942No. 8845PublishedCited by 10 opinions
1Opinion of the Court
MARTIN, Circuit Judge.
The petitioner, a corporation engaged in distilling, selling, bottling and warehousing whiskey, has sought review of the deteraiu nation by the Board of Tax Appeals of a deficiency of $9,154.70 in income tax for 1935 and of $3,329.60 in excess profits tax for the same year.
The petitioner kept its accounts on an accrual basis. The questions are whether the petitioner should include in its accrued income, in the year of sale, (1) amounts which purchasers of whiskey agreed by the documents of sale to pay petitioner, upon withdrawal of the whiskey from warehouses where…
2Cases cited28 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Brown v. HelveringSupreme Court of the United States · 1934
23 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- United States Industrial Alcohol Co. v. HelveringCourt of Appeals for the Second Circuit · 1943
- The Cappel House Furnishing Company v. United StatesCourt of Appeals for the Sixth Circuit · 1957
- Thompson-King-Tate, Inc., a Kentucky Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1961
- J. H. Schaeffer, Jr., and Opal R. Schaeffer v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1958
- The Guarantee Title and Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
5 more not listed; retrieve them via the Exa API.