Legal Opinion
Ncnb Corporation, a North Carolina Corporation North Carolina National Bank v. United States
Court of Appeals for the Fourth Circuit
Decided July 13, 1982No. 78-1771PublishedCited by 53 opinions
1Opinion of the Court
WIDENER, Circuit Judge:
Appellee taxpayers, North Carolina National Bank and its parent NCNB Corporation, were granted a rehearing en banc of the panel decision in NCNB Corporation v. United States, 651 F.2d 942 (4th Cir. 1981), which reversed the district court and held for the United States. We now vacate the panel decision and affirm the judgment of the district court, although our reasoning may not be the same. S. E. C. v. Chenery, 318 U.S. 80, 63 S.Ct. 454, 87 L.Ed. 626 (1943).
I
At issue in this case is the proper treatment, for purposes of income tax computation, of certain expenditures…
2Cases cited41 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1943
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- East Texas Motor Freight System, Inc. v. RodriguezSupreme Court of the United States · 1977
- Commissioner v. HeiningerSupreme Court of the United States · 1943
36 more not listed; retrieve them via the Exa API.
3Cited by53 opinions
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- John Jackson, Yvonne Jackson, Gregory M. Barrow and Timsey Barrow, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Tenth Circuit · 1989
- Garraghty v. JordanCourt of Appeals for the Fourth Circuit · 1987
- Citizens & Southern Corp. v. CommissionerUnited States Tax Court · 1988
- Ellis Banking Corporation v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Eleventh Circuit · 1982
48 more not listed; retrieve them via the Exa API.