Legal Opinion
Providence Coal Mining Co. v. Glenn
District Court, W.D. Kentucky
Decided January 27, 1950No. Civ. No. 1497PublishedCited by 5 opinions
1Opinion of the Court
SHELBOURNE, District Judge.
On its income tax return for the calendar year 1943, the Providence Coal Mining Company accounted for the sale of a coal tipple, steel rails, wire and other personalty for which it received $24,346.11, from a mine referred to in the evidence as No. 3, which it had operated up to May 1, 1942, as a sale of capital assets and taxable under Section 117(j) of the Internal Revenue Code of 1942, 26 U.S.C.A. § 117(j).
It deducted on its return as bad debts, the sum of $7,447.78, made up of the three following accounts—
Gardner Coal Company $3,981.24
Puduqah, Kentucky
Gateway…
2Cited by5 opinions
- Fidelity-Philadelphia Trust Co. v. CommissionerUnited States Tax Court · 1954
- Vanguard Recording Soc. v. CommissionerUnited States Tax Court · 1969
- Vanguard Recording Society v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- United States Trust Co. v. United StatesDistrict Court, D. Massachusetts · 1950
- Vanguard Recording Soc. v. CommissionerUnited States Tax Court · 1969