Legal Opinion
Heaven Hill Distilleries, Inc. v. United States
United States Court of Claims
Decided April 13, 1973No. 372-68PublishedCited by 15 opinions
1Opinion of the Court
PeR Curiam *
The ultimate issue is whether plaintiff corporation, a distiller of bourbon whiskey, may currently deduct in its fiscal years 1962-64 the expenses of “carrying charges” for storing the whiskey in barrels in its warehouses while it ages and awaits customers, rather than adding such carrying charges to the cost of its bulk whiskey inventory and deferring recovery of the charges to ultimate sale or disposition. While the plaintiff expensed all such carrying charges, including those associated with the storage of whiskey sold in bulk to others (about 95 percent of its production), the…
2Cases cited17 opinions
- Anheuser-Busch Brewing Assn. v. United StatesSupreme Court of the United States · 1908
- Jack Daniel Distillery, Lem Motlow, Prop., Inc. v. The United StatesUnited States Court of Claims · 1967
- Duke Power Company v. ClaytonSupreme Court of North Carolina · 1968
- People Ex Rel. New England Dressed Meat & Wool Co. v. RobertsNew York Court of Appeals · 1898
- Schultz v. CommissionerUnited States Tax Court · 1968
12 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Magnon v. CommissionerUnited States Tax Court · 1980
- Brown-Forman Distillers Corp. v. United StatesUnited States Court of Claims · 1974
- Dr. John T. MacDonald Foundation, Inc. v. CalifanoCourt of Appeals for the Fifth Circuit · 1978
- Public Service Co. v. CommissionerUnited States Tax Court · 1982
- Cleveland Electric Illuminating Co. v. United StatesUnited States Court of Claims · 1985
10 more not listed; retrieve them via the Exa API.