Legal Opinion
Sears Oil Co., Inc., on Review v. Commissioner of Internal Revenue, on Review
Court of Appeals for the Second Circuit
Decided April 12, 1966No. 139, Docket 29970PublishedCited by 43 opinions
1Opinion of the Court
MOORE, Circuit Judge:
This is a petition for review of a decision of the Tax Court. The petitioning taxpayer, Sears Oil Co. (Sears), is a distributor of petroleum products in north-central New York State. The Commissioner of Internal Revenue asserted in a notice of deficiency that taxpayer underpaid its federal income tax for the years 1957 and 1958 by $60,637.-40 and $51,560.74, respectively. The Commissioner maintained that taxpayer was subject to an accumulated earnings tax for the years in question, and in addition disallowed certain deductions taken for those years. Taxpayer petitioned…
2Cases cited15 opinions
- The Smoot Sand & Gravel Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- P. Dougherty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1946
- Kittredge v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1937
- R. Gsell & Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1961
- Electric Regulator Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1964
10 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- Waddell v. CommissionerUnited States Tax Court · 1986
- Piggly Wiggly Southern, Inc. v. CommissionerUnited States Tax Court · 1985
- Clark Oil and Refining Corporation v. United StatesCourt of Appeals for the Seventh Circuit · 1973
- Wellpoint, Inc. v. CommissionerCourt of Appeals for the Seventh Circuit · 2010
- Consumers Power Co. v. CommissionerUnited States Tax Court · 1987
38 more not listed; retrieve them via the Exa API.