Legal Opinion
Newmarket Manufacturing Company v. United States
Court of Appeals for the First Circuit
Decided May 18, 1956No. 5004PublishedCited by 51 opinions
1Opinion of the Court
MAGRUDER, Chief Judge.
Newmarket Manufacturing Company, a Delaware corporation, brought suit against the United States in the United States District Court for the District of Massachusetts, seeking to recover an alleged overpayment of income taxes for the fiscal year ending November 30,1951. Determination of the issue presented involves an interpretation and application of the so-called “carry-back” provision of § 122 of the Internal Revenue Code of 1939, as amended, 26 U.S.C.A., whereunder a taxpayer is permitted in some circumstances to carry back a net operating loss of one fiscal year as a…
2Cases cited9 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Helvering v. Metropolitan Edison Co.Supreme Court of the United States · 1939
- Stanton Brewery v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1949
- California Casket Co. v. CommissionerUnited States Tax Court · 1952
- Koppers Company v. United StatesUnited States Court of Claims · 1955
4 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Seaboard Commercial Corp. v. CommissionerUnited States Tax Court · 1957
- Estate of Bernard H. Stauffer, Bonnie H. Stauffer v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1968
- Richard's Auto City, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1995
- Berghash v. CommissionerUnited States Tax Court · 1965
46 more not listed; retrieve them via the Exa API.