Legal Opinion
Person Const. Co. v. Commissioner
Court of Appeals for the Seventh Circuit
Decided December 6, 1940No. 7354PublishedCited by 4 opinions
1Opinion of the Court
EVANS, Circuit Judge.
Is there substantial evidence to support the Board’s finding that the bad debt for which the petitioner seeks, a deduction was ascertained to be worthless before the taxable year 1933? This is our question.
Most of the facts are free from doubt or dispute.
Petitioner was a contractor who constructed, pursuant to a contract entered into in 1926, a four-story building containing two lodge halls, a small hall, and two stores, for the Ring Lodge No. 8, Independent Order of Svithiod, for the agreed price of $134,969.
The building was completed in 1927 and $106,970 was paid that…
2Cases cited2 opinions
- Elmhurst Cemetery Co. of Joliet v. CommissionerSupreme Court of the United States · 1937
- Commissioner of Internal Revenue v. Elmhurst Cemetery Co. of JolietCourt of Appeals for the Seventh Circuit · 1936
3Cited by4 opinions
- Curry v. CommissionerCourt of Appeals for the Second Circuit · 1941
- Van Valkenburgh v. CommissionerUnited States Tax Court · 1967
- Burger v. CommissionerUnited States Tax Court · 1964
- Gleason v. CommissionerUnited States Tax Court · 1991