Legal Opinion
Robinson v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided April 8, 1950No. 12896_1PublishedCited by 31 opinions
1Opinion of the Court
HOLMES, Circuit Judge.
The question presented on this petition for review is whether the taxpayers are entitled to a loss deduction of $10,000 claimed by them under Section 23(e) of the Internal Revenue Code, 26 U.S.C.A. § 23(e). Due to the forgiveness feature applicable to the years 1942 and 1943, the deficiencies involved are for the year 1943, although they resulted from adjustments in income for the year 1942. The taxpayers filed their income-tax returns on a community property basis. The respondent determined a deficiency against each of them based upon the disallowance of a deduction of…
2Cases cited8 opinions
- Charles Ilfeld Co. v. HernandezSupreme Court of the United States · 1934
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Orange Securities Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1947
- Bank of Newberry v. CommissionerUnited States Tax Court · 1942
3 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- The Crosley Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1956
- Unvert v. CommissionerUnited States Tax Court · 1979
- B. C. Cook & Sons, Inc. v. CommissionerUnited States Tax Court · 1972
- Estate of Letts v. CommissionerUnited States Tax Court · 1997
- Brown v. CommissionerUnited States Tax Court · 1955
26 more not listed; retrieve them via the Exa API.