Legal Opinion
Asphalt Industries, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided September 26, 1967No. 16265PublishedCited by 56 opinions
1Opinion of the Court
OPINION OF THE COURT
FREEDMAN, Circuit Judge.
Petitioner attacks a decision of the Tax Court upholding income tax deficiencies totalling $96,172.84 and fraud penalties totalling $52,674.18 for the years 1955 to 1960. 46 T.C. 622 (1966).
Petitioner is a Pennsylvania corporation and during the tax years involved its stock was owned one-half by Conrad V. Anderson, Jr., and the other half by Richard Schwoebel. Anderson was the president of the corporation and devoted his full time to its business which was the sale and application of road surfacing materials. Schwoebel was the secretary and…
2Cases cited19 opinions
- Grace M. Powell, of the Estate of O. E. Powell, Deceased v. Ralph C. Granquist, District Director of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Mitchell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1941
- Irving S. Federbush and Sylvia C. Federbush v. Commissioner of Internal Revenue, Sylvia C. Federbush v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1963
- Auerbach Shoe Co. v. CommissionerUnited States Tax Court · 1953
- Auerbach Shoe Company v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1954
14 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Universal Minerals, Inc. v. C. A. Hughes & Co.Court of Appeals for the Third Circuit · 1981
- Ruidoso Racing Association, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1973
- James A. Pittman v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1996
- Ianniello v. Comm'rUnited States Tax Court · 1992
- Hydrolevel Corp. v. American Society of Mechanical Engineers, Inc.Court of Appeals for the Second Circuit · 1980
51 more not listed; retrieve them via the Exa API.