Irwin v. Commissioner
United States Tax Court
A partnership, which computed its income on the completed contract basis, made certain accruals upon the completion in 1938 of a contract with the Government. The accruals included $ 28,200 which in 1939 the Government refused to pay, and in order to collect the partnership brought suit in the Court of Claims.
Read the full summary
A partnership, which computed its income on the completed contract basis, made certain accruals upon the completion in 1938 of a contract with the Government. The accruals included $ 28,200 which in 1939 the Government refused to pay, and in order to collect the partnership brought suit in the Court of Claims. In 1946 the partnership recovered a net judgment in the amount of $ 12,915.66. To the extent of $ 2,500, the judgment represented the balance due on the contract price which the Government conceded was due. The balance of the recovery represented damages for delays caused by the…
1Opinion of the Court
A. D. Irwin, Petitioner, v. Commissioner of Internal Revenue, Respondent. A. O. Leighton and Gertrude Leighton, Petitioners, v. Commissioner of Internal Revenue, Respondent
Irwin v. Commissioner
Docket Nos. 45965, 45966
United States Tax Court
24 T.C. 722; 1955 U.S. Tax Ct. LEXIS 135;
July 21, 1955, Filed
Decisions will be entered under Rule 50.
A partnership, which computed its income on the completed contract basis, made certain accruals upon the completion in 1938 of a contract with the Government. The accruals included $ 28,200 which in 1939 the Government refused to pay, and in order to collect…
2Cases cited1 opinion
- Irwin v. CommissionerUnited States Tax Court · 1955