Legal Opinion
New World Life Ins. Co. v. United States
United States Court of Claims
Decided March 6, 1939No. 43549PublishedCited by 12 opinions
1Opinion of the Court
LITTLETON, Judge.
The first question involves a construction of section 203(a) (5), Revenue Act of 1928, 26 U.S.C.A. § 203(a) (5), which relates to the deduction allowable to a life insurance company in respect of investment expenses. This section is in the following language: “In the case of a life insurance company the term ‘net income’ means the gross income less * * * investment expenses paid during the taxable year: Provided, That if any general expenses are in part assigned to or included in the investment expenses, the total deduction under this paragraph shall not exceed one-fourth of…
2Cases cited23 opinions
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
- Helvering v. Stockholms Enskilda BankSupreme Court of the United States · 1934
- Koshland v. HelveringSupreme Court of the United States · 1936
- Helvering v. Independent Life InsuranceSupreme Court of the United States · 1934
- New York Life Insurance v. EdwardsSupreme Court of the United States · 1926
18 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Helvering v. Oregon Mutual Life InsuranceSupreme Court of the United States · 1940
- Jefferson Standard Life Insurance Company v. United States of America, (Two Cases). Jefferson Standard Life Insurance Company v. United States of America, (Two Cases)Court of Appeals for the Fourth Circuit · 1969
- Liberty Life Insurance v. United StatesCourt of Appeals for the Fourth Circuit · 1979
- Commissioner of Internal Revenue v. Pan-American Life Ins.Court of Appeals for the Fifth Circuit · 1940
- Liberty Life Insurance Company, Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-Appellee. Liberty Life Insurance Company, Plaintiff-Appellant-Cross-Appellee v. United States of America, Defendant-Appellee-Cross-AppellantCourt of Appeals for the Fourth Circuit · 1979
7 more not listed; retrieve them via the Exa API.