Legal Opinion
AR Jones Oil & O. Co. v. Commissioner of Internal Rev.
Court of Appeals for the Tenth Circuit
Decided September 6, 1940No. 2066PublishedCited by 13 opinions
1Opinion of the Court
MURRAH, District Judge.
The Commissioner of Internal Revenue 1 determined a tax deficiency against A. R. Jones Oil Company 2 for the calendar year of 1935, in the total sum of $56,-582.56. On redetermination, before the Board of Tax Appeals, 3 the deficiency was affirmed with immaterial modifications. The deficiency arose from the disallowance by respondent of a claimed deduction in the sum of $300,000 for worthless stock of the Continental Building Company, owned by the petitioner and charged off its books as a loss in the year of 1935.
The stock is worthless. The sole quesr tion for…
2Cases cited34 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Phillips v. CommissionerSupreme Court of the United States · 1931
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
29 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Joyce v. GentschCourt of Appeals for the Sixth Circuit · 1944
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- JM Perry & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1941
- Belser v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Fourth Circuit · 1949
- Miami Beach Bay Shore Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1943
8 more not listed; retrieve them via the Exa API.