Legal Opinion
Atlantic Greyhound Corp. v. United States
United States Court of Claims
Decided May 5, 1953No. 50251PublishedCited by 3 opinions
1Opinion of the Court
HOWELL, Judge.
This is an action to recover excess profits taxes for the years 1942 and 1943 assessed against and paid by plaintiff, á common carrier of passengers by motorbus. The facts have been stipulated, and the *954only issues before us are the legal conclusions to be drawn from those facts.
Plaintiff contends that in computing its excess profits tax liability for the years here involved, its base period excess profits net income should be adjusted by disallowing, pursuant to the provisions of section 711(b). (1) (E) of the Internal Revenue Code, 26 U.S.C. § 711(b) (1) (E), the cost of…
2Cases cited5 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Consolidated Motor Lines, Inc. v. CommissionerUnited States Tax Court · 1946
- Jones, Collector of Internal Revenue v. SmithCourt of Appeals for the Tenth Circuit · 1952
- Boston Molasses Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1946
- Schneider Grocery Co. v. CommissionerUnited States Tax Court · 1948
3Cited by3 opinions
- R. R. Hensler, Inc. v. CommissionerUnited States Tax Court · 1979
- Leon Nightingale v. United StatesCourt of Appeals for the Ninth Circuit · 1982
- R. R. Hensler, Inc. v. CommissionerUnited States Tax Court · 1979