Legal Opinion
Commissioner of Internal Revenue v. John A. Wathen Distillery Co.
Court of Appeals for the Sixth Circuit
Decided February 14, 1945No. 9715PublishedCited by 2 opinions
1Opinion of the Court
HICKS, Circuit Judge.
Petition to review a decision of the Tax Court that there were no deficiencies in respondent’s income taxes for the years 1936 and 1937. The Commissioner had asserted deficiencies for these years of $100,-751.67 and $37,182.72, respectively, as surtaxes on undistributed profits.
Respondent, a corporation organized under the laws of Missouri, and having its principal place of business in Louisville, Ky., engaged in 1934 in the business of distilling whiskey, with a paid in capital of $125,000.00. This amount was insufficient to pay for the plant, to say nothing of operating…
2Cases cited13 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Helvering v. Northwest Steel Rolling Mills, Inc.Supreme Court of the United States · 1940
- White v. United StatesSupreme Court of the United States · 1938
- Woolford Realty Co. v. RoseSupreme Court of the United States · 1932
- Helvering v. Ohio Leather Co.Supreme Court of the United States · 1942
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3Cited by2 opinions
- Valspar Corp. v. CommissionerCourt of Appeals for the Second Circuit · 1949
- Valspar Corp. v. CommissionerCourt of Appeals for the Second Circuit · 1949