Legal Opinion
Wood v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided June 24, 1952No. 13582_1PublishedCited by 6 opinions
1Opinion of the Court
RIVES, Circuit Judge.
These petitions for review involve deficiencies in federal income tax asserted against petitioners for the calendar years 1944, 1945, and 1946. In their brief, petitioners present five issues as follows:
“Issue No. I:
“(a) Did respondent erroneously determine inventories shown in petitioners returns at the close of the years 1944-1945 were understated; and
“(b) did respondent erroneously make use of first-in first-out method of arriving at cost in order to increase the inventory values of petitioners said returns ?
“Issue No. II:
“Did respondent erroneously determine that…
2Cases cited6 opinions
- Heiner v. TindleSupreme Court of the United States · 1928
- Burford-Toothaker Tractor Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- Guggenheim v. HelveringCourt of Appeals for the Second Circuit · 1941
- Finance & Guaranty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1931
- Wilson v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1935
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- John Factor v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
- Fitzner v. CommissionerUnited States Tax Court · 1959
- W. C. Wood and Altamae Wood v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1960
- Memphis Furniture Manufacturing Co. v. United StatesDistrict Court, W.D. Tennessee · 1981
- Carruth v. United StatesDistrict Court, S.D. Texas · 1958
1 more not listed; retrieve them via the Exa API.