Legal Opinion
Island Petroleum Co. v. Commissioner of Internal Rev.
Court of Appeals for the Fourth Circuit
Decided April 12, 1932No. 3242PublishedCited by 23 opinions
1Opinion of the Court
PARKER, Circuit Judge.
This is a petition by tbe Island Petroleum Company, a Delaware corporation, to review a decision of the Board of Tax Appeals. The questions presented by the petition are: (1) Whether petitioner was entitled to file a consolidated income tax return for the year ending April 30, ”1920, with four Texas corporations, 60 per cent, of whose stock it owned; and (2), if not, whether it was entitled to deduct from income, as an expense or loss of the year, the sum of $108,416.98, which it advanced to these corporations, and which it contends that they expended for it as…
2Cases cited7 opinions
- Handy & Harman v. BurnetSupreme Court of the United States · 1931
- Ox Fibre Brush Co. v. BlairCourt of Appeals for the Fourth Circuit · 1929
- Scott v. Norton Hardware Co.Court of Appeals for the Fourth Circuit · 1932
- Finance & Guaranty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1931
- Peytona Lumber Co. v. CommissionerCourt of Appeals for the Fourth Circuit · 1932
2 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Herbert A. Dunn and Georgia E. Dunn v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1980
- Universal Oil Products Co. v. Campbell (United States, Intervenor) (Two Cases)Court of Appeals for the Seventh Circuit · 1950
- Clark v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1953
- United States Department of Health and Human Services v. Robert Porter Smith and Julie Rose SmithCourt of Appeals for the Eighth Circuit · 1986
- Glendinning, McLeish & Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
18 more not listed; retrieve them via the Exa API.