Legal Opinion
Herbert Humphreys and Wilda Humphreys, Husband and Wife v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided April 11, 1962No. 14577_1PublishedCited by 12 opinions
1Per curiam
The Tax Court upheld income tax deficiencies against petitioners for the years 1954 and 1955 on the authority of Maysteel Products, Inc. v. Commissioner, 33 T.C. 1021.
These deficiencies resulted from dis-allowance of deductions claimed for amortization of bond premiums 1 which were in addition to deductions taken for gifts to charity of petitioners’ equity in the same bonds.
Maysteel has since been reversed by the Court of Appeals for the Seventh Circuit, Judge Schnackenberg dissenting. 287 F.2d 429 (C.A.7). The Court of Appeals adhered to its decision in May-steel in the later case of Gallun…
2Cases cited7 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Maysteel Products, Inc. v. CommissionerUnited States Tax Court · 1960
- Maysteel Products, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1961
- Edwin A. Gallun and Jane W. Gallun v. Commissioner of Internal Revenue, A. F. Gallun & Sons Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1961
2 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Joseph H. Bridges and Lillier J. Bridges v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1963
- Crosby Valve & Gage Co. v. CommissionerUnited States Tax Court · 1966
- Rothschild v. United StatesUnited States Court of Claims · 1969
- American Electric Power, Inc. v. United StatesDistrict Court, S.D. Ohio · 2001
- Milton L. Halle and Rachel N. Halle, His Wife v. United StatesCourt of Appeals for the Fourth Circuit · 1965
7 more not listed; retrieve them via the Exa API.