Legal Opinion
Locke Manufacturing Companies v. United States
District Court, D. Connecticut
Decided December 7, 1964No. Civ. 9122PublishedCited by 38 opinions
1Opinion of the Court
TIMBERS, Chief Judge.
QUESTION PRESENTED
This action, tried to the Court without a jury, to recover $8,409.97 of federal corporate income taxes and assessed interest claimed to have been erroneously assessed and collected, raises the question whether portions of plaintiff’s proxy solicitation and shareholder relation expenses incurred in a proxy contest during plaintiff’s taxable year ending June 30, 1956 are deductible by plaintiff as ordinary and necessary expenses pursuant to Section 162(a) of the Internal Revenue Code of 1954. 1
The Court holds that such expenses are deductible by plaintiff…
2Cases cited11 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Hochschild v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1947
- Joseph J. Ricciuti v. Voltarc Tubes, Inc.Court of Appeals for the Second Circuit · 1960
- Hazlitt v. Fawcett Publications, Inc.District Court, D. Connecticut · 1953
6 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Dolese v. United StatesCourt of Appeals for the Tenth Circuit · 1979
- A.E. Staley Manufacturing Company and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1997
- A.E. Staley Mfg. Co. v. CommissionerUnited States Tax Court · 1995
- McNellis v. RaymondDistrict Court, N.D. New York · 1968
- Schein v. ChasenCourt of Appeals for the Second Circuit · 1973
33 more not listed; retrieve them via the Exa API.