Legal Opinion
Alcoma Association, Inc. v. United States
Court of Appeals for the Fifth Circuit
Decided November 30, 1956No. 16136PublishedCited by 22 opinions
1Opinion of the Court
TUTTLE, Circuit Judge.
This is an appeal from a district court judgment for the Government in an action to recover taxes allegedly improperly imposed. Upon agreed facts the only issue is whether under the provisions of Section 23(f) 1 of the 1939 Internal Rev enue Code, 26 U.S.C.A: § 23(f), the Commissioner was correct in permitting taxpayer, appellant’s transferor, to deduct only that portion of hurricane damage to his depreciable business property which constituted the same percentage of his adjusted cost basis of the entire property that the loss was of the total pre-hurricane market value.…
2Cases cited7 opinions
- Helvering v. OwensSupreme Court of the United States · 1939
- Helvering v. William Flaccus Oak Leather Co.Supreme Court of the United States · 1941
- United States v. KoshlandCourt of Appeals for the Ninth Circuit · 1954
- Knapp v. CommissionerUnited States Tax Court · 1955
- Columbia Oil & Gas Co. v. Commissioner of Internal Rev.Court of Appeals for the Fifth Circuit · 1941
2 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Fred and Irene Rosenthal v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- George E. Conner and Dorothy P. Conner v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- Carloate Industries, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1966
- Rosenthal v. CommissionerUnited States Tax Court · 1967
- Westvaco Corp. v. United StatesUnited States Court of Claims · 1980
17 more not listed; retrieve them via the Exa API.