Legal Opinion
Arthur R. Jones Syndicate v. Commissioner of I. Revenue
Court of Appeals for the Seventh Circuit
Decided December 1, 1927No. 3910PublishedCited by 36 opinions
1Opinion of the Court
EVAN A. EVANS, Circuit Judge.
Respondent assessed a tax against petitioner upon an alleged income of $29,166.65. The taxpayer protested. It "claimed a deduction of this sum as an interest charge. Whether it was paid to one Austin as an interest charge or as a dividend on preferred stock is the sole question presented on this appeal. The statement of facts will be directed to this single issue.
The Jones Syndicate was organized to promote a real estate venture involving the so-called Springer Building in Chicago. This property was under foreclosure and $600,000 was needed to redeem it from an…
2Cases cited8 opinions
- Houghton v. BurdenSupreme Court of the United States · 1913
- Cook v. Equitable Building & Loan Ass'nSupreme Court of Georgia · 1898
- O'shea v. New York, C. & St. L. R. Co.Court of Appeals for the Seventh Circuit · 1901
- Sigua Iron Co. v. GreeneCourt of Appeals for the Second Circuit · 1898
- Savannah Real Estate, Loan & Building Co. v. SilverbergSupreme Court of Georgia · 1899
3 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Foster v. Comm'rUnited States Tax Court · 1983
- Commissioner of Int. Rev. v. Meridian & Thirteenth R. Co.Court of Appeals for the Seventh Circuit · 1942
- Commissioner of Internal Revenue v. OPP Holding Corp.Court of Appeals for the Second Circuit · 1935
- Commissioner of Internal Revenue v. Proctor ShopCourt of Appeals for the Ninth Circuit · 1936
- United States v. Title Guarantee & Trust Co.Court of Appeals for the Sixth Circuit · 1943
31 more not listed; retrieve them via the Exa API.