Legal Opinion
Northwest Acceptance Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided July 24, 1974No. 73-1879PublishedCited by 37 opinions
1Opinion of the Court
OPINION
2Per curiam
In, this appeal from a decision of the Tax Court reported at 58 T.C. 836 the issue is whether certain contractual agreements entered into by the taxpayer with others for the use of equipment, constituted conditional sales contracts or leases.
If the transactions were bona fide leases and the taxpayer remained the owner of the equipment, then it was entitled to a deduction for depreciation, Int.Rev.Code of 1954 § 167, and an investment credit, Int.Rev.Code of 1954 § 38, both of which the taxpayer had taken. It would not have obtained those tax advantages were the agreements in question…
3Cases cited6 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Northwest Acceptance Corp. v. CommissionerUnited States Tax Court · 1972
- Lockhart Leasing Company v. United States of America, Lockhart Leasing Company v. Commissioner of Internal Revenue, (Two Cases)Court of Appeals for the Tenth Circuit · 1971
- Kessmar Construction Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
- Brumley-Donaldson Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1971
1 more not listed; retrieve them via the Exa API.
4Cited by37 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Michael L. Rockwell, and Regina Rockwell v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1975
- Estate of Charles T. Franklin, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1976
- Coleman v. CommissionerUnited States Tax Court · 1986
- Kansas City S. R. Co. v. CommissionerUnited States Tax Court · 1981
32 more not listed; retrieve them via the Exa API.