Legal Opinion
Malden Trust Co. v. Commissioner
Court of Appeals for the First Circuit
Decided March 29, 1940No. 3480PublishedCited by 10 opinions
1Opinion of the Court
BREWSTER, District Judge.
This is a petition to review a decision of the Board of Tax Appeals (39 B.T.A. 190) upholding the Commissioner’s determination of a deficiency of $6,460.71 in the petitioner’s income tax liability for the year 1933. The taxpayer claims to be entitled to (1) a bad debt deduction on certain promissory notes in the amount of $53,517.75; and (2) a loss deduction, arising from the foreclosure sales of certain properties at prices less than the indebtedness, of “the difference between the amount of the indebtedness and the bid price.”(1) The Board’s findings of fact were…
2Cases cited14 opinions
- Helvering v. RankinSupreme Court of the United States · 1935
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- American Cigar Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1933
- Powell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Slayton v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1935
9 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Hamlen v. WelchCourt of Appeals for the First Circuit · 1940
- Rogan v. Commercial Discount Co.Court of Appeals for the Ninth Circuit · 1945
- Commissioner v. West Production Co.Court of Appeals for the Fifth Circuit · 1941
- Hall v. CommissionerCourt of Appeals for the Seventh Circuit · 1942
- Community Bank v. CommissionerUnited States Tax Court · 1974
5 more not listed; retrieve them via the Exa API.