Grossman & Sons v. Commissioner
United States Tax Court
Amount paid by taxpayer in settlement of claims made by the United States in a suit against taxpayer brought under 31 U.S.C. secs. 231-233 (False Claims Act), found on the evidence presented to be common law contractual damages as characterized in taxpayer's settlement offer which was accepted by the United States, held to be deductible. Allowance of the deduction would not frustrate a sharply defined public policy of the United States.
1Opinion of the Court
Grossman & Sons, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent; Rose Wiping Cloths, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Grossman & Sons v. Commissioner
Docket Nos. 1717-65, 1718-65
United States Tax Court
48 T.C. 15; 1967 U.S. Tax Ct. LEXIS 121;
April 11, 1967, Filed
Decisions will be entered under Rule 50.
Amount paid by taxpayer in settlement of claims made by the United States in a suit against taxpayer brought under 31 U.S.C. secs. 231-233 (False Claims Act), found on the evidence presented to be common law contractual damages as characterized in…
Also in this document: Dissent · Bruce; Dissent · Dawson.
2Cases cited26 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States Ex Rel. Marcus v. HessSupreme Court of the United States · 1943
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Commissioner v. TellierSupreme Court of the United States · 1966
- Rex Trailer Co. v. United StatesSupreme Court of the United States · 1956
21 more not listed; retrieve them via the Exa API.