Legal Opinion
Standard Brass & Manufacturing Co. v. Commissioner
United States Tax Court
Decided May 18, 1953No. Docket No. 35644PublishedCited by 3 opinions
1Opinion of the Court
OPINION.
Johnson, Judge:
The amount of $34,715.48 in controversy represents the difference between the original license rates and the ones agreed upon in March 1948, retroactive to the time of execution of the agreement. Royalties at the original rates were accrued each year, except for March 1948, for which period the accrual was on the basis of the adjusted rates, and the amounts so accrued were claimed as expense deductions in the year of accrual. No contention is made that the accruals were disallowed as deductions by the respondent.
Petitioner’s contention in general is that the balance due…
2Cases cited7 opinions
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Roberts v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Denman Tire & Rubber Co. v. CommissionerUnited States Tax Court · 1950
- Denman Tire & Rubber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Capitol Coal Corp. v. CommissionerUnited States Tax Court · 1956
- Capitol Coal Corp. v. CommissionerUnited States Tax Court · 1956
- Commercial Freight Lines, Inc. v. CommissionerUnited States Tax Court · 1957