Legal Opinion
Peoples Bank and Trust Company v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided August 4, 1969No. 17384PublishedCited by 33 opinions
1Opinion of the Court
KERNER, Circuit Judge.
This is an appeal from a decision of the Tax Court finding the petitioner deficient in the amounts of $11,026.51, $2,476.99 and $3,888.80 in income taxes for the respective calendar years 1962, 1963 and 1964.
Peoples Bank and Trust Company (Peoples) is a corporation incorporated in the State of Indiana with its principal place of business in Indianapolis, Indiana. Peoples pays interest on its passbook savings accounts on May 1 and November 1. The interest is only computed on sums that have not been withdrawn prior to the date of the interest payments. 2 A concomitant…
2Cases cited4 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- United States v. Consolidated Edison Co. of NYSupreme Court of the United States · 1961
- Graff Chevrolet Company v. Ellis Campbell, Jr., District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
3Cited by33 opinions
- Sandor v. CommissionerUnited States Tax Court · 1974
- Coors v. CommissionerUnited States Tax Court · 1973
- Resnik v. CommissionerUnited States Tax Court · 1976
- Schuster's Express, Inc. v. CommissionerUnited States Tax Court · 1976
- E. Keith Owens v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1977
28 more not listed; retrieve them via the Exa API.