Legal Opinion
Chicago Title & Trust Co. v. United States
Court of Appeals for the Seventh Circuit
Decided February 2, 1954No. 10926_1PublishedCited by 9 opinions
1Opinion of the Court
LINDLEY, Circuit Judge.
Plaintiffs sued in the District Court to recover alleged over-payments of income taxes in the years 1943 and 1946 by the taxpayer for whose estate they are executors. They contended that the decedent, having experienced substantial losses in the sale of certain real estate owned by him in the years 1944 and 1945, should have been allowed to carry them back to the years 1942 and 1943 and forward to the year 1946, as deductions in computing his income taxes for those years, for the reason, as they asserted, that the losses were net operating losses attributable to the…
2Cases cited8 opinions
- Dalton v. BowersSupreme Court of the United States · 1932
- Phipps v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1931
- Appleby v. United StatesUnited States Court of Claims · 1953
- Guggenheimer v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1954
- Dalton v. BowersCourt of Appeals for the Second Circuit · 1932
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Max Putnam and Elizabeth Putnam v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1955
- Elli Reiner v. United StatesCourt of Appeals for the Seventh Circuit · 1955
- Harold O. McLain Etc. v. John R. Jarecki, Individually, Etc.Court of Appeals for the Seventh Circuit · 1956
- Burns v. CommissionerUnited States Tax Court · 1954
- Marty v. State Tax Commission of MissouriSupreme Court of Missouri · 1960
4 more not listed; retrieve them via the Exa API.