Legal Opinion
Estate of Harry M. Liggett, Deceased Lucille W. Liggett, and Lucille W. Liggett v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided November 1, 1954No. 4911_1PublishedCited by 14 opinions
1Opinion of the Court
HUXMAN, Circuit Judge.
This petition for review challenges the correctness of the decision of the Tax Court of the United States denying the right of Harry M. Liggett, now deceased, to deduct from his 1946 income as a bad debt deduction the sum of $47,000 represented by a note, under the provisions of Section 23 (k) (1) of the Internal Revenue Code, 26 U.S.C.A.
The facts as found by the Tax Court may be summarized as follows: In February, 1946, Harry M. Liggett organized the Harry M. Liggett Company, a corporation. The company was formed and established to operate four dehydrating plants in the…
2Cases cited8 opinions
- O'Bryan Bros. v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Sixth Circuit · 1942
- Deeds v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1931
- Fowler Bros. & Cox, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
- American Felt Co. v. BurnetCourt of Appeals for the D.C. Circuit · 1932
- Crean Bros., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1952
3 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Santa Anita Consol., Inc. v. CommissionerUnited States Tax Court · 1968
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1980
- Melvin J. Cole and Harriet L. Cole v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1989
- Loewi & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1956
- United States v. G. E. Hall and Christine B. Hall, G. E. Hall and Christine B. Hall, Cross-Appellants v. United States of America, Cross-AppelleeCourt of Appeals for the Tenth Circuit · 1962
9 more not listed; retrieve them via the Exa API.