Legal Opinion
Marsch v. Commissioner
Court of Appeals for the Seventh Circuit
Decided February 24, 1940No. 7028PublishedCited by 11 opinions
1Opinion of the Court
KERNER, Circuit Judge.
This appeal is from a decision of the Board of Tax Appeals approving the action of the respondent, who found that petitioner was liable for a deficiency income tax for the year 1932. The deficiency resulted from the disallowance by the respondent of a deduction for losses sustained in 1931. There is no dispute as to the amount or as to the sustaining of the losses. Our question is whether the net losses which the petitioner sustained in 1931 are net losses attributable to a trade or business regularly carried on by him within the meaning of Sec. 117(a) (1) of the Revenue…
2Cases cited12 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Bedell v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
- Commissioner of Internal Revenue v. BoeingCourt of Appeals for the Ninth Circuit · 1939
7 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Boomhower v. United StatesDistrict Court, N.D. Iowa · 1947
- Edward Folker v. James W. Johnson, Individually and as a Former Collector of Internal RevenueCourt of Appeals for the Second Circuit · 1956
- Loy D. Mercer v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1967
- Helvering v. Wilmington Trust Co.Court of Appeals for the Third Circuit · 1941
- AR Jones Oil & O. Co. v. Commissioner of Internal Rev.Court of Appeals for the Tenth Circuit · 1940
6 more not listed; retrieve them via the Exa API.