Legal Opinion
E. C. Palmer & Co. v. United States
District Court, E.D. Louisiana
Decided September 19, 1944No. Civ. A. No. 716PublishedCited by 1 opinion
1Opinion of the Court
BORAH, District Judge.
Disallowing a claimed deduction of par-' tial worthlessness on a bank deposit ac-< count in the amount of $12,102.69 and limiting plaintiff’s deductible loss to $2000 for the fiscal year ending November 30, 1937, the Commissioner determined a deficiency in excess profits and income taxes for that year of $3,992.50. Claim for refund was filed and rejected and this action was brought by plaintiff to recover the taxes which it paid under protest and which it alleges were illegally assessed and collected.
The case was tried without a jury on the following agreed statement of…
2Cases cited5 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- White v. United StatesSupreme Court of the United States · 1938
- Santa Monica Mountain Park Co. v. United StatesCourt of Appeals for the Ninth Circuit · 1938
- United States v. BeckmanCourt of Appeals for the Third Circuit · 1939
- First Nat. Bank v. CommissionerCourt of Appeals for the Fifth Circuit · 1944
3Cited by1 opinion
- Milford Trust Co. v. United StatesDistrict Court, D. Connecticut · 1945