Legal Opinion
SG Sample Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 24, 1928No. 5211PublishedCited by 8 opinions
1Opinion of the Court
WALKER, Circuit Judge.
The petitioner, a Louisiana corporation engaged in the retail merchandise business, dealing in hardware, shoes, clothing, dry goods, and groceries, by appeal to the Board of Tax Appeals complained of the action of the Commissioner of Internal Revenue in increasing petitioner’s taxable income for the year 1920 in the amount of $12,078.52, by adding that amount to the total amount of petitioner’s inventory of goods or merchandise on hand at December 31, 1920, as shown on petitioner’s original return for the year 1920. That amount was 25 per cent, of the total cost of goods…
2Cases cited2 opinions
- Southern Fire Insurance v. KnightSupreme Court of Georgia · 1900
- Wood & Ewer Co. v. HamDistrict Court, D. Maine · 1926
3Cited by8 opinions
- Thor Power Tool Co. v. CommissionerUnited States Tax Court · 1975
- Space Controls, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- Sanitary Co. of America v. CommissionerCourt of Appeals for the Third Circuit · 1929
- General Acc. Assur. Co. v. CaldwellCourt of Appeals for the Ninth Circuit · 1932
- S. Weisbart & Co. v. CommissionerUnited States Tax Court · 1964
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