Legal Opinion
Investers Diversified Services, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided December 13, 1963No. 17294PublishedCited by 32 opinions
1Opinion of the Court
MEHAFFY, Circuit Judge.
Investors Diversified Services, Inc. (hereinafter called “Petitioner”) has petitioned us to review a decision of the Tax Court affirming the disallowance of income tax deductions and a claimed refund by the Commissioner of Internal Revenue Service. See 39 T.C. No. 25.
During the years in issue, 1954 and' 1955, Petitioner engaged, inter alia, in the sale of loans secured by mortgages to wholly owned subsidiary corporations and non-affiliated purchasers. The gravamen of the petition for review is that as a result of these sales it sustained tax deductible losses within the…
2Cases cited18 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Burnet v. HoustonSupreme Court of the United States · 1931
- Lewis Thurston Anderson and Clyde Velma Anderson, Lewis Thurston Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
13 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Bixby v. CommissionerUnited States Tax Court · 1972
- Professional Services v. CommissionerUnited States Tax Court · 1982
- Charles Schneider & Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 1974
- Commissioner v. RissCourt of Appeals for the Eighth Circuit · 1967
- William H. Perry and Marian E. Perry v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1968
27 more not listed; retrieve them via the Exa API.