Legal Opinion
Buckland v. United States
District Court, D. Connecticut
Decided May 7, 1946No. Civil Action 1567PublishedCited by 18 opinions
1Opinion of the Court
SMITH, District Judge.
The question presented in this case is whether an expenditure in 1941 in the amount of $3,559.62 should be allowed as a deduction from gross income as an ordinary and necessary expense. The applicable sections of the Internal Revenue Code and of the Treasury Regulations are as follows :
Internal Revenue Code
“Sec. 23. Deductions from gross income.
“In computing net income there shall be allowed as deductions:
“(a) Expenses.
“(1) In general. All the ordinary and ' necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Illinois Merchants Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Cochrane v. CommissionerUnited States Board of Tax Appeals · 1931
- Cowell v. CommissionerUnited States Board of Tax Appeals · 1930
- Connally Realty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1936
5 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Joseph Merrick Jones and Eugenie Penick Jones v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
- Plainfield-Union Water Co. v. Comm'rUnited States Tax Court · 1962
- United States v. W. J. Wehrli and Helen B. WehrliCourt of Appeals for the Tenth Circuit · 1968
- Red Star Yeast & Products Co. v. CommissionerUnited States Tax Court · 1955
- R. R. Hensler, Inc. v. CommissionerUnited States Tax Court · 1979
13 more not listed; retrieve them via the Exa API.