Legal Opinion
CEM Securities Corp. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided June 29, 1934No. 3555PublishedCited by 1 opinion
1Opinion of the Court
SOPER, Circuit Judge.
This petition to review involves deficiencies in income tax for the year 1928 in the amount of $31,752.31. The questions at issue are (1) whether the taxpayer, a Delaware corporation, had the right to deduct from its income for the period February 21 to December 31,1928, a net loss suffered by a preceding New York corporation in the earlier portion of the year; a,nd (2i) whether the income tax return filed by the taxpayer for the year 1928, including, but not segregating, the operations of its predecessor for the first two months of the year, was a. sufficient compliance…
2Cases cited13 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Florsheim Brothers Drygoods Co. v. United StatesSupreme Court of the United States · 1930
- Lucas v. Pilliod Lumber Co.Supreme Court of the United States · 1930
- Wheeler v. GreeneSupreme Court of the United States · 1929
- District of Columbia v. FredSupreme Court of the United States · 1930
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3Cited by1 opinion
- New York Cent. R. Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1935