Legal Opinion
Mt. Vernon Trust Co. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided March 11, 1935No. 203PublishedCited by 17 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The question presented by this appeal is whether the Commissioner properly included in the petitioner’s gross income for 1929 certain discounts received in that year which had been reported as accrued income for the year 1928 and were used in computing the 1928 tax. From the stipulated facts it appears that in conducting its business‘as a trust company the petitioner, among other things, discounts commercial paper. Up to and including 1928 the petitioner used a method of accounting which was a combina-tion of the cash receipts and disbursements method and the accrual…
2Cases cited8 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- United States v. MitchellSupreme Court of the United States · 1926
- Niles Bement Pond Co. v. United StatesSupreme Court of the United States · 1930
- Aluminum Castings Co. v. RoutzahnSupreme Court of the United States · 1930
- Tonningsen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1932
3 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Caldwell v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. CaldwellCourt of Appeals for the Second Circuit · 1953
- Fruehauf Trailer Co. v. CommissionerUnited States Tax Court · 1964
- Hotel Kingkade v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1950
- Josef C. Patchen and Aleyne E. Patchen v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Gaylord v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1946
12 more not listed; retrieve them via the Exa API.