Legal Opinion
Clement v. United States
United States Court of Claims
Decided July 14, 1978No. 131-75PublishedCited by 31 opinions
1Per curiam
This is an income tax refund suit in which the issue is whether the taxpayers, limited partners in a cattle-feeding partnership, were entitled under the law as it stood in 1968 to deduct the cost of cattle feed bought in one year and consumed in the following year, as an ordinary and necessary business expense in the year of purchase. The Commissioner of Internal Revenue disallowed the $33,959 sought to be deducted, the taxpayers paid the deficiency and claimed a refund of $14,170, and this action followed the denial of the claim.
Trial Judge Schwartz, who held for the taxpayers, passed on…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Gregory v. HelveringSupreme Court of the United States · 1935
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Commissioner v. HansenSupreme Court of the United States · 1959
14 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Van Raden v. CommissionerUnited States Tax Court · 1979
- Packard v. CommissionerUnited States Tax Court · 1985
- Commissioner of Internal Revenue v. Kenneth H., Susan L., Fred F., and Corinne B. Van RadenCourt of Appeals for the Ninth Circuit · 1981
- Stephen A. Keller and Ethel L. Keller v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1984
- Diebold, Inc. v. United StatesUnited States Court of Claims · 1989
26 more not listed; retrieve them via the Exa API.