Legal Opinion
Lockhart v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided March 16, 1937No. 6116PublishedCited by 3 opinions
1Opinion of the Court
MARIS, District Judge.
This is a petition to review a decision of the Board of Tax Appeals determining a deficiency in income tax to be due by the petitioner for the year 1929. The Board found that the petitioner’s taxable net income for that year before the allowance of any deduction for charitable contributions was $911,599.10. This amount represented ordinary income of $966,467.20, less a capital net loss for the year of $54,868.10. During the year the petitioner made contributions or gifts to persons and organizations within the classes specified and described in section 23 (n) of the…
2Cases cited5 opinions
- Helvering v. BlissSupreme Court of the United States · 1934
- Cederberg v. GunstromSupreme Court of Minnesota · 1935
- Elkins v. CommissionerUnited States Board of Tax Appeals · 1931
- Livingood v. CommissionerUnited States Board of Tax Appeals · 1932
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1936
3Cited by3 opinions
- United States v. PleasantsSupreme Court of the United States · 1939
- Heinz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1938
- Pleasants v. United StatesUnited States Court of Claims · 1938