Legal Opinion
Kentucky Joint Stock Land Bank v. Glenn
District Court, W.D. Kentucky
Decided September 4, 1942No. 383PublishedCited by 3 opinions
1Opinion of the Court
MILLER, District Judge.
The plaintiffs brought this action to recover from the Collector of Internal Revenue the sum of $3,609.70 with interest which was paid under protest following a deficiency- assessment of an income tax for the calendar year of 1935. The defendant has moved to dismiss the complaint.
The plaintiff, Kentucky Joint Stock Land Bank, was incorporated on April 4, 1922, and engaged in the business of .making farm loans. The income which it received as interest upon its approved first mortgages was nontaxable under the provisions of the Federal Farm Loan Act. 12 U.S.C.A. § 641 et…
2Cases cited7 opinions
- Price v. ForrestSupreme Court of the United States · 1899
- Seaboard Air Line Railway v. United StatesSupreme Court of the United States · 1920
- Novo Trading Corp. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1940
- Western Pacific Railroad v. United StatesSupreme Court of the United States · 1925
- Morgenthau v. Fidelity & Deposit Co. of MarylandCourt of Appeals for the D.C. Circuit · 1937
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Bond Crown & Cork Co. v. CommissionerUnited States Tax Court · 1952
- United States v. Improved Premises Located at Northwest Corner of Irving Place & Sixteenth StreetDistrict Court, S.D. New York · 1962
- Bond Crown & Cork Co. v. CommissionerUnited States Tax Court · 1952