Legal Opinion
Cassatt v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided August 23, 1943No. 8191PublishedCited by 21 opinions
1Opinion of the Court
MARIS, Circuit Judge.
This is a petition by Alexander J. Cassatt to review a decision of the Board of Tax Appeals sustaining a deficiency in income tax for the year 1936 determined against him by the Commissioner. The relevant facts as found by the Board may be summarized as follows:
The taxpayer was a membor of Cassatt and Company, a limited partnership, which for many years prior to 1935 engaged in the stock brokerage business in New York and Philadelphia. The firm had twelve general and two limited partners. Because of the impairment of its capital through losses it was decided in 1934 to…
2Cases cited13 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Burnet v. LoganSupreme Court of the United States · 1931
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- American National Co. v. United StatesSupreme Court of the United States · 1927
8 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- James Armour, Inc. v. CommissionerUnited States Tax Court · 1964
- Cleveland Allerton Hotel v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1948
- Hill's Estate v. MaloneyDistrict Court, D. New Jersey · 1944
- Commissioner of Internal Revenue v. Kann's EstateCourt of Appeals for the Third Circuit · 1949
- H. And G. Industries, Inc. And Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1974
16 more not listed; retrieve them via the Exa API.