Legal Opinion
May Broadcasting Company v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided April 11, 1962No. 16545PublishedCited by 8 opinions
1Opinion of the Court
VAN OOSTERHOUT, Circuit Judge.
This case is before us upon timely petition for review of the decision of the Tax Court reported at 33 T.C. 1007. The Tax Court by a nine to seven vote held taxpayer’s claim for refund of excess profits tax for 1942, based upon the standard issue of its equity invested capital, was barred by the statute of limitations found in § 322(b) (1), 26 U.S.C.A. § 322(b) (l). 1
The facts are not in dispute and are established by admissions in the pleadings or by stipulation. Taxpayer is an Iowa corporation with its principal place of business at Shenandoah, Iowa. Its income…
2Cases cited25 opinions
- United States v. AndrewsSupreme Court of the United States · 1938
- Mutual Lumber Co. v. CommissionerUnited States Tax Court · 1951
- Ohio Steel Foundry Co. v. United StatesUnited States Court of Claims · 1930
- H. Fendrich, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1951
- Packer Pub. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1954
20 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Estate of Mary Redding Shedd, First National Bank of Arizona, Trustee v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1963
- The Overland Corporation (Formerly Willys-Overland Motors, Inc.) v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. The Overland Corporation (Formerly Willys-Overland Motors, Inc.)Court of Appeals for the Sixth Circuit · 1963
- Connecticut Light & Power Co. v. CommissionerUnited States Tax Court · 1963
- Overland Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
- Connecticut Light & Power Co. v. CommissionerUnited States Tax Court · 1963
3 more not listed; retrieve them via the Exa API.