Legal Opinion
United States v. Zions Savings and Loan Association, a Corporation
Court of Appeals for the Tenth Circuit
Decided January 2, 1963No. 7041_1PublishedCited by 13 opinions
1Opinion of the Court
BREITENSTEIN, Circuit Judge.
The Commissioner of Internal Revenue disallowed certain bad debt deductions claimed by appellee-plaintiff, Zions Savings and Loan Association (taxpayer), in its federal income tax returns. On suit to recover the district court held for the taxpayer. The United States has appealed.
The Revenue Act of 1951 removed the theretofore existing exemption of building and loan associations from federal income tax. 1 Included in that Act was a section, now § 593 of the Internal Revenue Code of 1954, 2 which granted liberal bad debt deductions to domestic building and loan…
2Cases cited16 opinions
- A. L. A. Schechter Poultry Corp. v. United StatesSupreme Court of the United States · 1935
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Panama Refining Co. v. RyanSupreme Court of the United States · 1935
- Crane v. CommissionerSupreme Court of the United States · 1947
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
11 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- General Bancshares Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1964
- Fusco-Amatruda Co. v. Tax CommissionerSupreme Court of Connecticut · 1975
- Casanova Co. v. CommissionerUnited States Tax Court · 1986
- United States v. Western Pacific Railroad Company, United States of America v. Denver & Rio Grande Western Railroad CompanyCourt of Appeals for the Tenth Circuit · 1967
- Empey v. United StatesDistrict Court, D. Colorado · 1967
8 more not listed; retrieve them via the Exa API.