Legal Opinion
J. M. Turner and Company, Incorporated v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided July 17, 1957No. 7365PublishedCited by 7 opinions
1Opinion of the Court
HAYNSWORTH, Circuit Judge.
This case comes before us upon a petition to review a decision of the Tax Court (26 T.C. 795), in which the Tax Court held that certain deficiencies of excess profits tax were properly assessed. The Tax Court held that the taxpayer was neither an “acquiring corporation” within the meaning of § 461(a) nor a “purchasing corporation” within the meaning of § 474(a) of the Internal Revenue Code of 1939 (26 U.S.C.A. Excess Profits Taxes) and was, therefore, not entitled, in computing its excess profits tax credit, to use of the earnings experience in the base period years…
2Cases cited15 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Minnesota Tea Co. v. HelveringSupreme Court of the United States · 1938
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Jud Plumbing & Heating, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
- Richard G. Augenblick v. The United StatesUnited States Court of Claims · 1967
10 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Alan G. Bone, Kathleen A. Bone, Jeffrey M. Guerrero, Genedine R. Guerrero v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 2003
- Carey J. Perry and Marietta M. Perry v. United States of America, J. Doyle Medders and Constance D. Medders v. United StatesCourt of Appeals for the Fourth Circuit · 1975
- Berger v. CommissionerUnited States Tax Court · 1996
- Rufus F. And Marguerite H. Turner v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1962
- T.A. Barham and Anne E. Barham v. United StatesCourt of Appeals for the Fourth Circuit · 1958
2 more not listed; retrieve them via the Exa API.