Legal Opinion
The Lincoln Electric Company v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided June 23, 1971No. 20733_1PublishedCited by 14 opinions
1Opinion of the Court
KENT, Circuit Judge.
Petitioner-appellant, The Lincoln Electric Company, hereinafter Lincoln, appeals from the United States Tax Court’s decision, ’54 T.C. 926, finding deficiencies in petitioner’s Federal Income Tax for taxable years 1964 and 1965. The deficiencies, as found by the Tax Court, resulted from the fact that Lincoln did not include its annual “bonus” paid to each of its employeees as a “cost” of the production of the year-end inventory which the Tax Court found therefore did not reflect the full value of that inventory.
Petitioner pointed out in its brief:
“Representatives of the…
2Cases cited8 opinions
- Commissioner v. HansenSupreme Court of the United States · 1959
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- Schulde v. CommissionerSupreme Court of the United States · 1963
- Photo-Sonics, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1966
- Fruehauf Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1966
3 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Knight-Ridder Newspapers, Inc. v. United StatesCourt of Appeals for the Eleventh Circuit · 1984
- Thor Power Tool Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1977
- Public Service Co. v. CommissionerUnited States Tax Court · 1982
- St. James Sugar Cooperative, Inc., Cross v. United States of America, CrossCourt of Appeals for the Fifth Circuit · 1981
- All-Steel Equipment, Inc. v. CommissionerCourt of Appeals for the Seventh Circuit · 1972
9 more not listed; retrieve them via the Exa API.