Legal Opinion
Denholm & McKay Realty Co. v. Commissioner
Court of Appeals for the First Circuit
Decided January 7, 1944No. 3873PublishedCited by 3 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
The Commissioner of Internal Revenue determined against petitioner herein deficiencies in income and excess profits taxes for the year 1936 in the respective amounts of $6,714.41 and $3,437.24. These deficiencies resulted from the failure of petitioner to report as income the sum of $48,202 paid by another corporation in 1936 to petitioner’s preferred stockholders in fulfillment of a guaranty of dividends. The Board of Tax Appeals upheld the Commissioner on the authority of United States v. Joliet & C. R. Co., 1942, 315 U.S. 44, 62 S.Ct. 442, 86 L.Ed. 658, and the…
2Cases cited9 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- United States v. Joliet & Chicago RailroadSupreme Court of the United States · 1942
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3Cited by3 opinions
- Chenango Textile Corp. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1945
- Brockman Bldg. Corp. v. CommissionerUnited States Tax Court · 1953
- Brockman Bldg. Corp. v. CommissionerUnited States Tax Court · 1953