Hanover Ins. Co. v. Commissioner
United States Tax Court
Held, respondent correctly recomputed the amount of the reserves for unpaid losses carried by petitioner's predecessor, a casualty insurance company, at the end of 1959, 1960, and the period ending June 30, 1961 (which losses are included in the computation of "losses incurred" under sec. 832(b)(5), I.R.C. 1954). Held, further, petitioner's 1958 yearend reserve for unpaid losses adjusted under sec. 481, I.R.C. 1954.
1Opinion of the Court
OPINION
Wiles, Judge:
This case was assigned to Special Trial Judge Lehman C. Aarons (pursuant to Rules 180, et seq., of the Tax Court Rules of Practice and Procedure) to conduct the trial thereof or otherwise proceed in accordance with said Rules. His report was filed on July 15,1977, and subsequently both parties filed exceptions to his report. The exceptions have been considered and are rejected. The Court agrees with and adopts the report set forth below.
OPINION OF THE SPECIAL TRIAL JUDGE
Aarons, Special Trial Judge:
Respondent determined deficiencies in petitioner’s1 Federal income tax for…
2Cases cited9 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Schuster's Express, Inc. v. CommissionerUnited States Tax Court · 1976
- Fruehauf Trailer Co. v. CommissionerUnited States Tax Court · 1964
- Commissioner v. Standard Life & Accident InsuranceSupreme Court of the United States · 1977
- Fruehauf Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1966
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Hanover Insurance Company, Successor in Interest to Massachusetts Bonding and Insurance Company v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1979
- Hanover Insurance Company v. United StatesCourt of Appeals for the First Circuit · 1989
- Home Mutual Insurance Company, Cross v. Commissioner of Internal Revenue, CrossCourt of Appeals for the Seventh Circuit · 1980
- Maryland Deposit Ins. Fund Corp. v. CommissionerUnited States Tax Court · 1987
4 more not listed; retrieve them via the Exa API.