Amor v. Commissioner
United States Tax Court
1. Held, it was improper for Columbus Wood Preserving Company, a partnership of which petitioner is a member, to reduce the value of its closing inventory on December 31, 1945, so as to reflect the accrual of a loss thereon by reason of the termination of its war contract with the Government. 2. Status of gains realized by petitioner, individually, determined.
1Opinion of the Court
Amor W. Sharp v. Commissioner. Katherine C. Sharp v. Commissioner. Amor W. Sharp & Katherine C. Sharp v. Commissioner.
Amor v. Commissioner
Docket Nos. 37798-37800.
United States Tax Court
1953 Tax Ct. Memo LEXIS 136; 12 T.C.M. (CCH) 977; T.C.M. (RIA) 53299;
August 28, 1953
1. Held, it was improper for Columbus Wood Preserving Company, a partnership of which petitioner is a member, to reduce the value of its closing inventory on December 31, 1945, so as to reflect the accrual of a loss thereon by reason of the termination of its war contract with the Government.
2. Status of gains realized by…
2Cases cited9 opinions
- Thrift v. CommissionerUnited States Tax Court · 1950
- United States Cartridge Co. v. United StatesSupreme Court of the United States · 1932
- American Propeller & Manufacturing Co. v. United StatesSupreme Court of the United States · 1937
- Boston Elevated Railway Co. v. CommissionerUnited States Tax Court · 1951
- Luckenbach Steamship Co. v. CommissionerUnited States Tax Court · 1947
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