Legal Opinion
Supreme Investment Corporation v. United States
Court of Appeals for the Fifth Circuit
Decided October 2, 1972No. 71-2819PublishedCited by 15 opinions
1Opinion of the Court
WISDOM, Circuit Judge:
In this action the taxpayer, Supreme Investment Corporation, sued for a refund of $852 in federal income taxes for the fiscal year ended November 30, 1965, allegedly . erroneously and illegally assessed. 1 The case involves the interaction of § 269 and §§ 332, 334(b)(2) and 381(a)(1) of the 1954 Internal Revenue Code. 2 We hold that the Commissioner overstepped the bounds of § 269 in assessing the tax in this case, and accordingly we reverse the district court’s holding in the Government’s favor, 320 F.Supp. 1328.
Supreme Investment Corporation (Supreme), originally…
2Cases cited26 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Higgins v. SmithSupreme Court of the United States · 1940
- Kimbell-Diamond Milling Co. v. Comm'rUnited States Tax Court · 1950
- Kimbell-Diamond Milling Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
21 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- In the Matter of Chrome Plate, Inc., Bankrupt. Chrome Plate, Inc. v. District Director of Internal Revenue, United States of AmericaCourt of Appeals for the Fifth Circuit · 1980
- Chrome Plate, Inc. v. District Director of Internal RevenueDistrict Court, W.D. Texas · 1977
- Scheft v. CommissionerUnited States Tax Court · 1972
- International State Bank v. CommissionerUnited States Tax Court · 1978
- Broadview Lumber Co. v. United StatesCourt of Appeals for the Seventh Circuit · 1977
10 more not listed; retrieve them via the Exa API.