Legal Opinion
Little v. Helvering
Court of Appeals for the Eighth Circuit
Decided February 11, 1935No. 10038PublishedCited by 20 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals. 27 B. T. A. 1022.
It is charged (1) that the Board erred in disallowing ta deduction of $56,133.28 from the taxpayer’s gross income for the year 1924, claimed to be a bad debt ascertained to be worthless and charged off, or a loss sustained; and (2) that the Board erred in sustaining a negligence penalty imposed by the respondent.
The applicable statute is the Revenue Act of 1924, c. 234, 43 Stat. 253.
“Sec. 214. (a) In computing net income there shall be allowed as deductions:
>j£ $ *
“(4) Losses sustained…
2Cases cited9 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Burnet v. HoustonSupreme Court of the United States · 1931
- Shiman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
4 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Davis v. CommissionerUnited States Tax Court · 1983
- SoRelle v. CommissionerUnited States Tax Court · 1954
- England v. CommissionerUnited States Tax Court · 1960
- Davis v. CommissionerUnited States Tax Court · 1987
- Bennett v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1944
15 more not listed; retrieve them via the Exa API.