Legal Opinion
Commissioner v. Kennedy Laundry Co.
Court of Appeals for the Seventh Circuit
Decided February 15, 1943No. 8122PublishedCited by 6 opinions
1Opinion of the Court
KERNER, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals, four members ■dissenting, expunging asserted deficiencies in the taxpayer’s income tax returns for 1936, 1937, and 1938. The problem presented is whether amounts charged off and allowed as depreciation for the years 1932 to 1935, inclusive, where no tax benefit has been received as a result of such allowance, were “allowed” within the meaning of § 113(b) (1) (B) of the Revenue Acts of 1936 and 1938, 26 U.S.C.A. Int.Rev. Code, § 113(b) (1) (B).
The taxpayer is an Illinois corporation engaged in the laundry…
2Cases cited7 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. LudeySupreme Court of the United States · 1927
- Burnet v. Thompson Oil & Gas Co.Supreme Court of the United States · 1931
- Pittsburgh Brewing Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1939
- Helvering v. Virginian Hotel CorporationCourt of Appeals for the Fourth Circuit · 1943
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3Cited by6 opinions
- Virginian Hotel Corporation v. Helvering, Commissioner of Internal RevenueSupreme Court of the United States · 1943
- Collins v. CommissionerUnited States Tax Court · 1952
- Moroney v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 2005
- Collins v. CommissionerUnited States Tax Court · 1952
- Toyota Motor Credit Corp. v. Director, Division of TaxationNew Jersey Tax Court · 2014
1 more not listed; retrieve them via the Exa API.