Legal Opinion
Yates Motor Company, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided August 30, 1977No. 76-1026PublishedCited by 7 opinions
1Opinion of the Court
ENGEL, Circuit Judge.
Taxpayer Yates Motor Company, Inc., appeals from a judgment of the United States Tax Court sustaining a determination by the Commissioner that Yates is not entitled to an ordinary loss deduction for its demolition of a building which it had formerly used for the sale and service of new Ford automobiles and trucks. The Commissioner had earlier ruled that taxpayer must instead amortize the $27,475.28 adjusted basis of the demolished building over the 15-year term of a lease of the land which Yates ultimately entered into with Shell Oil Company.
The building was built by…
2Cases cited13 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Zenith Radio Corp. v. Hazeltine Research, Inc.Supreme Court of the United States · 1969
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Willard Barry and Harriet Barry v. United StatesCourt of Appeals for the Sixth Circuit · 1974
- Kentucky Utilities Co. v. GlennCourt of Appeals for the Sixth Circuit · 1968
8 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- H. Douglas Wilson, and Roberta D. Wilson v. United StatesCourt of Appeals for the Sixth Circuit · 1978
- Kraft, Inc. v. United StatesUnited States Court of Federal Claims · 1994
- Grossman v. CommissionerUnited States Tax Court · 1980
- George Freitas Dairy, Inc. v. The United States of America, Henry Costa, Jr. Dairy, Inc. v. The United States of AmericaCourt of Appeals for the Ninth Circuit · 1978
- Grossman v. CommissionerUnited States Tax Court · 1980
2 more not listed; retrieve them via the Exa API.