Legal Opinion
Haviland v. Edwards
Court of Appeals for the Second Circuit
Decided July 19, 1927No. 351PublishedCited by 3 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
That the depreciation in the value of Johann Haviland’s debt to the firm was, standing alone, a loss which could be credited as such, the plaintiff does not claim. In any event it would be an un*906tenable position. N. Y. Ins. Co. v. Edwards, 271 U. S. 109, 116, 46 S. Ct. 436, 70 L. Ed. 859; Eisner v. Macomber, 252 U. S. 189, 40 S. Ct. 189, 64 L. Ed. 521, 9 A. L. R. 1570. The theory of the complaint was that in estimating the firm income it was proper, and indeed necessary, in order' to ascertain what the profits had been, to appraise the current assets, and that this could…
2Cases cited3 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- New York Life Insurance v. EdwardsSupreme Court of the United States · 1926
3Cited by3 opinions
- American Air Filter Co. v. CommissionerUnited States Tax Court · 1983
- Coalinga-Mohawk Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1933
- American Air Filter Co. v. CommissionerUnited States Tax Court · 1983