Legal Opinion
Space Controls, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided August 8, 1963No. 19818PublishedCited by 14 opinions
1Opinion of the Court
JOHN R. BROWN, Circuit Judge.
This appeal from the Tax Court has to do with inventories and the use of the lower of cost or market option. As the manufacturer-Taxpayer sees it, the question is whether the Taxpayer is “entitled to a deduction in the fiscal year ended February 28, 1957, for the amount by which the cost of materials and work in process for [a specific Government contract], in inventory at the end of the fiscal year, exceeded the selling price which would be received for these items under the contract, when they were delivered” in the following year. The Government phrases the…
2Cases cited25 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Weiss v. WeinerSupreme Court of the United States · 1929
- Lucas v. Ox Fibre Brush Co.Supreme Court of the United States · 1930
- D. Loveman & Son Export Corp. v. CommissionerUnited States Tax Court · 1960
20 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Marion Lee Avera and Daniel J. Avera v. Florida Towing Corporation, Florida Towing Corporation v. Marion Lee Avera and Daniel J. AveraCourt of Appeals for the Fifth Circuit · 1963
- Thor Power Tool Co. v. CommissionerUnited States Tax Court · 1975
- Thor Power Tool Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1977
- Paccar, Inc. v. CommissionerUnited States Tax Court · 1985
9 more not listed; retrieve them via the Exa API.