Legal Opinion
Forrester Box Co. v. Commissioner
Court of Appeals for the Eighth Circuit
Decided November 4, 1941No. 12072PublishedCited by 4 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals determining deficiencies in the income.and excess profits taxes of the petitioner for the year 1935. In 1929 the petitioner sold for $128,571.36 certain machinery and equipment which it had acquired in 1922 at a cost of $128,571.-36. The purchaser of the machinery and equipment paid to the petitioner $12,000 of the purchase price in the year 1935. The. petitioner in its income tax return for that year did not include this amount in taxable income. The respondent included it in taxable income and…
2Cases cited13 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. LudeySupreme Court of the United States · 1927
- Weiss v. WeinerSupreme Court of the United States · 1929
- Commissioner of Internal Rev. v. Terre Haute Elec. Co.Court of Appeals for the Seventh Circuit · 1933
- Georgia Ry. & Electric Co. v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1935
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3Cited by4 opinions
- United States v. S & a CompanyCourt of Appeals for the Eighth Circuit · 1964
- Stock Yards Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1946
- Royal Highlanders v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1943
- United States v. S & a CompanyCourt of Appeals for the Eighth Circuit · 1964