Legal Opinion
Union Trust Co. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 27, 1940No. 7034PublishedCited by 64 opinions
1Opinion of the Court
MAJOR, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals entered March 28, 1939, in a proceeding for redetermination of an alleged deficiency in petitioner’s income tax for the calender year, 1932. The determination by the Commissioner of Internal Revenue, sustained by the Board, involves two items, here in dispute, (1) the inclusion, in petitioner’s gross income for the year 1932, the sum of $603,983.25, representing a refund of Federal estate tax received that year, and (2) a disallowance of a claimed deduction of $105,583.34, representing income properly paid…
2Cases cited6 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Irwin v. GavitSupreme Court of the United States · 1925
- Helvering v. ButterworthSupreme Court of the United States · 1933
- Burnet v. WhitehouseSupreme Court of the United States · 1931
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
1 more not listed; retrieve them via the Exa API.
3Cited by64 opinions
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Hillsboro National Bank v. CommissionerSupreme Court of the United States · 1983
- Putoma Corp., Successor by Merger of Pro-Mac Company, Petitioners- Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1979
- Alice Phelan Sullivan Corporation, a California Corporation v. The United StatesUnited States Court of Claims · 1967
- Canelo v. CommissionerUnited States Tax Court · 1969
59 more not listed; retrieve them via the Exa API.