Legal Opinion
Burnside Veneer Co. v. Commissioner of Internal Rev.
Court of Appeals for the Sixth Circuit
Decided April 7, 1948No. 10500PublishedCited by 17 opinions
1Opinion of the Court
ALLEN, Circuit Judge.
This is a petition to review a decision of the Tax Court of the United States which sustained the Commissioner’s disallowance of a deduction claimed by petitioner, a Kentucky corporation. In its return for the fiscal year ending November 30, 1941, petitioner deducted $24,140.35 as a long-term capital loss, being the difference between the cost of 655 shares of capital stock of Glanton yeneer Company, a North Carolina corporation (hereinafter called Glanton), acquired at an aggregate cost of $65,500, and the aggregate amount of cash received by petitioner in the…
2Cases cited3 opinions
- Tri-Lakes SS Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1945
- Roach v. CommissionerUnited States Tax Court · 1945
- Service Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1948
3Cited by17 opinions
- Associated Wholesale Grocers, Inc., and Its Subsidiary, Super Market Developers, Inc. v. United StatesCourt of Appeals for the Tenth Circuit · 1991
- Mountain Water Co. v. CommissionerUnited States Tax Court · 1960
- McDaniel v. CommissionerUnited States Tax Court · 1955
- Frank T. Shull and Ann R. Shull v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1961
- Mills v. CommissionerUnited States Tax Court · 1962
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