Legal Opinion
Baldwin Bros. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided June 9, 1966No. Nos. 15691-15695PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
HASTIE, Circuit Judge.
The matter in dispute in each of these five petitions is a determination by the Commissioner, sustained by the Tax Court, that, in the computation of income taxes, losses suffered in the operation of an apartment building during 1960 and 1961 were not deductible by the taxpayer *669who incurred them as lessee operator of the enterprise, but should be allocated under section 482 of the 1954 Internal Revenue Code to the taxpayer’s controlled corporation, which was the owner and lessor of the building.
The facts of the case which concerns the project called…
2Cases cited6 opinions
- National Securities Corp. v. Com'r of Internal RevenueCourt of Appeals for the Third Circuit · 1943
- V & M Homes, Inc. v. CommissionerUnited States Tax Court · 1957
- Long Corporation v. The United StatesUnited States Court of Claims · 1962
- Jesse Johnson and Virginia D. Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1956
- James Davis, Jr. And Merie Davis v. United StatesCourt of Appeals for the Tenth Circuit · 1960
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3Cited by1 opinion
- Baldwin Brothers, Inc. v. Commissioner Of Internal RevenueCourt of Appeals for the Third Circuit · 1966