Legal Opinion
Consolidated Apparel Co. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided October 23, 1953No. 10813_1PublishedCited by 36 opinions
1Opinion of the Court
LINDLEY, Circuit Judge.
The Tax Court, in 17 T.C. 1570, approved the refusal of the Commissioner to allow as deductions annual rentals paid by the taxpayer in each of the taxable years 1945 and 1946 in excess of $22,500, on the ground that nothing over and above that amount was “required” to be paid, as provided by Section 23(a) (1) (A) of the Internal Revenue Code, 26 U.S.C.A. It held also that $37,500, plus the amounts placed in the pension fund for his benefit, was a reasonable annual salary for the services actually performed in each of the taxable years 1944, 1945 and 1946, by Harry…
2Cases cited6 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Skemp v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1948
- Brown v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Third Circuit · 1950
- Consolidated Apparel Co. v. CommissionerUnited States Tax Court · 1952
- R. H. Oswald Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1950
1 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- n.sidney Nyhus v. Travel Management CorporationCourt of Appeals for the D.C. Circuit · 1972
- Irby Construction Company v. United StatesUnited States Court of Claims · 1961
- Felix v. CommissionerUnited States Tax Court · 1954
- Martin Fireproofing Profit-Sharing Plan & Trust v. CommissionerUnited States Tax Court · 1989
- Stearns Magnetic Mfg. Co. v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. Stearns (Two Cases)Court of Appeals for the Seventh Circuit · 1954
31 more not listed; retrieve them via the Exa API.