Legal Opinion
Commissioner of Internal Revenue v. Lewis
Court of Appeals for the Third Circuit
Decided February 3, 1944No. 8469, 8470PublishedCited by 10 opinions
1Opinion of the Court
JONES, Circuit Judge.
The question raised by the pending petitions for review is whether income retained by trustees in order to pay carrying charges upon unproductive trust real estate constitutes an allowable deduction under Sec. 162 (b) of the Revenue Act of 1936, 26 U.S.C.A. Int.Rev.Acts, page 893, in ascertaining the income taxable to the beneficiaries as distributable.
The Commissioner, holding that the carrying charges were properly chargeable to corpus, accordingly determined deficiencies in the taxes due by the respondent life tenants for the taxable years in question by augmenting the…
2Cases cited12 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Blair v. CommissionerSupreme Court of the United States · 1937
- Meredith v. Winter HavenSupreme Court of the United States · 1943
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Freuler v. HelveringSupreme Court of the United States · 1934
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Wooster Rubber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
- Bryant v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1950
- Hill v. CommissionerUnited States Tax Court · 1955
- Bedford v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- Cope v. United StatesDistrict Court, E.D. Pennsylvania · 1948
5 more not listed; retrieve them via the Exa API.