Legal Opinion
Sachs v. Commissioner of Internal Revenue. Slaymaker Lock Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided November 17, 1953No. 11056, 11113PublishedCited by 30 opinions
1Opinion of the Court
STALEY, Circuit Judge.
These cases were heard separately but present identical questions of law and will be disposed of in one opinion. The facts were not disputed and may be stated very briefly.
Before the close of the taxable year, each taxpayer delivered its negotiable demand note made payable at a bank to the trustee of its exempt employees’ pension trust. Although the full amount of each note was paid in cash with interest before the end of the calendar year following the taxable years involved, the amounts now in dispute were not paid in cash until more than sixty days after thé close of…
2Cases cited11 opinions
- Spiegel v. CommissionerUnited States Tax Court · 1949
- H. S. D. Co. v. Kavanagh, Collector of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
- Anthony P. Miller, Inc. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1947
- Musselman Hub-Brake Co. v. Com'r of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
- Akron Welding & Spring Co. v. CommissionerUnited States Tax Court · 1948
6 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Don E. Williams Co. v. CommissionerSupreme Court of the United States · 1977
- Time Oil Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Hunter v. CommissionerUnited States Tax Court · 1966
- Woolrich Woolen Mills v. United StatesCourt of Appeals for the Third Circuit · 1961
- Don E. Williams Co. v. CommissionerUnited States Tax Court · 1974
25 more not listed; retrieve them via the Exa API.