Legal Opinion
Musselman Hub-Brake Co. v. Com'r of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided December 1, 1943No. 9503PublishedCited by 40 opinions
1Opinion of the Court
HAMILTON, Circuit Judge.
Petitioner, an Ohio corporation, which kept its accounts and made its tax returns on the accrual basis, became currently indebted for the years' 1937, 1938 and 1939, inclusive, to its controlling stockholder for patent royalties and interest, which sums it credited on its books. Sometime in February 1938, and for each of the subsequent years here in question, petitioner, on advice of its tax auditor, gave to its creditor within two and one-half months after the close of the tax year, demand promissory notes for the debts.
During all of the tax years petitioner was…
2Cases cited11 opinions
- Corliss v. BowersSupreme Court of the United States · 1930
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Burnet v. GuggenheimSupreme Court of the United States · 1933
- Eckert v. BurnetSupreme Court of the United States · 1931
- Helvering v. PriceSupreme Court of the United States · 1940
6 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Don E. Williams Co. v. CommissionerSupreme Court of the United States · 1977
- United States v. Lyle B. Snider, United States of America v. Lyle B. Snider, and Sue T. SniderCourt of Appeals for the Fourth Circuit · 1974
- Commissioner of Internal Revenue v. OatesCourt of Appeals for the Seventh Circuit · 1953
- Albert J. Taggi & Ann D. Taggi v. United StatesCourt of Appeals for the Second Circuit · 1994
- Anthony P. Miller, Inc. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1947
35 more not listed; retrieve them via the Exa API.