Legal Opinion
Northern Trust Co. Of Chicago v. United States
Court of Appeals for the Seventh Circuit
Decided January 12, 1952No. 10350PublishedCited by 27 opinions
1Opinion of the Court
LINDLEY, Circuit Judge.
Plaintiff succeeded in its suit to recover alleged over-payment of income taxes for 1936. From the resulting judgment for $1689.29 and interest the government appeals.
On August 10, 1936, Edward Gomoll, now deceased, who was the taxpayer, and Edith Rennert, each owning one-half of 50 shares constituting the entire capital stock of the Standard Paste & Glue Company, entered into a written contract for-sale by Rennert of the 25 shares owned by her to Gomoll, at $1000 per share, a total of $25,000. The purchaser advanced $7500 and executed his unconditional promissory note…
2Cases cited14 opinions
- United States v. PhellisSupreme Court of the United States · 1921
- Griffiths v. CommissionerSupreme Court of the United States · 1939
- United States v. StewartSupreme Court of the United States · 1940
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Lynch v. HornbySupreme Court of the United States · 1918
9 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Pacific Coast Music Jobbers, Inc. v. CommissionerUnited States Tax Court · 1971
- Rupe Investment Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Pacific Coast Music Jobbers, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1972
- Wilson v. CommissionerUnited States Tax Court · 1957
- J. H. Schaeffer, Jr., and Opal R. Schaeffer v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1958
22 more not listed; retrieve them via the Exa API.