Reynolds Cattle Co. v. Commissioner
United States Board of Tax Appeals
Held, that under the facts of this case, petitioner properly reported its income on the cash basis and the refusal of the Commissioner to consent to the change was unreasonable and arbitrary.
1Opinion of the Court
*207OPINION.
Adams:
These two cases were consolidated and heard together. Docket No. 68445 involves a deficiency in income tax for 1929 of $6,664.91, and Docket No. 71463 involves a deficiency of $1,572.52 for 1930. ■
Practically all of the material facts were stipulated in writing, which we adopt by reference as part of our findings of fact. The same question is presented in each case, viz., whether the petitioner has the right to change from an inventory system of making its returns to a cash receipts and disbursements system without the formal permission of the Commissioner.
The petitioner is a…
2Cases cited7 opinions
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
- Burnet v. Chicago Railway Equipment Co.Supreme Court of the United States · 1931
- Southern Pac. R. v. MuenterCourt of Appeals for the Ninth Circuit · 1919
- Chatham & Phenix Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1925
- Doyle v. Mitchell Bros.Court of Appeals for the Sixth Circuit · 1916
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3Cited by9 opinions
- Drazen v. CommissionerUnited States Tax Court · 1960
- Glenn v. Kentucky Color & Chemical Co., IncCourt of Appeals for the Sixth Circuit · 1951
- Adair v. CommissionerUnited States Board of Tax Appeals · 1941
- Drazen v. CommissionerUnited States Tax Court · 1960
- Estate of Paul Hansen v. CommissionerUnited States Tax Court · 1945
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