Legal Opinion
United States v. City Loan and Savings Company
Court of Appeals for the Sixth Circuit
Decided February 28, 1961No. 14124PublishedCited by 14 opinions
1Opinion of the Court
WEICK, Circuit Judge.
This case involves the question whether indebtedness evidenced by certificates of deposit issued by the taxpayer is to be considered and treated as borrowed capital for excess profits tax credit purposes under the provisions of Section 439(b) (1) of the Excess Profits Tax Act of 1950. 26 U.S.C.1952 Ed., Sec. 439.
The taxpayer is a building and loan corporation organized under the laws of Ohio. It is engaged in the personal loan and finance business and is licensed under the Small Loan Act of Ohio, R.C. § 1321.01 et seq. Its operations are under the supervision of the…
2Cases cited10 opinions
- Graver Tank & Mfg. Co. v. Linde Air Products Co.Supreme Court of the United States · 1950
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Economy Sav. & Loan Co. v. CommissionerUnited States Tax Court · 1945
- Economy Savings & Loan Co. v. Commissioner of Int. Rev.Court of Appeals for the Sixth Circuit · 1946
- Commissioner of Internal Revenue v. Ames Trust & Sav. BankCourt of Appeals for the Eighth Circuit · 1950
5 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Dixon v. United StatesSupreme Court of the United States · 1965
- International Business MacHines Corporation v. The United StatesUnited States Court of Claims · 1965
- Howard B. Quinn and Charlotte J. Quinn v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1975
- Stevens Bros. Foundation, Inc. v. CommissionerUnited States Tax Court · 1962
- Edwin O. Bookwalter v. Joseph H. And Frances R. BreckleinCourt of Appeals for the Eighth Circuit · 1966
9 more not listed; retrieve them via the Exa API.