Legal Opinion
Parmelee Transportation Company v. The United States
United States Court of Claims
Decided October 15, 1965No. 69-60PublishedCited by 65 opinions
1Opinion of the Court
LARAMORE, Judge.
In this action plaintiff claims refunds of corporate income taxes for the years 1955, 1953, and 1954. The claim is founded on a loss of an intangible asset allegedly sustained in 1955, which loss is sufficiently large to create a net operating loss for that year with carry-backs to 1953 and 1954. At issue are not only the allowability of the claimed deduction but also the proper year and amount of the deduction. Although most of the trial time and much of the argument have focused on the amount of the deduction, this issue cannot be reached unless both deductibility questions…
2Cases cited29 opinions
- New York Central Railroad Company v. WhiteSupreme Court of the United States · 1916
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Electrical Fittings Corp. v. ThomasSupreme Court of the United States · 1939
- City of Chicago v. Atchison, Topeka & Santa Fe Railway Co.Supreme Court of the United States · 1958
- Lewellyn v. Electric Reduction Co.Supreme Court of the United States · 1927
24 more not listed; retrieve them via the Exa API.
3Cited by65 opinions
- Ramsay Scarlett & Co. v. CommissionerUnited States Tax Court · 1974
- Ramsay Scarlett and Company, Inc. v. Commissioner of Internal Revenue, Baltimore Stevedoring Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1975
- Commissioner of Internal Revenue v. Seaboard Finance Company, Seaboard Finance Company, Cross v. Commissioner of Internal Revenue, CrossCourt of Appeals for the Ninth Circuit · 1966
- Young & Rubicam, Inc. v. The United StatesUnited States Court of Claims · 1969
- Brown v. United StatesUnited States Court of Claims · 1968
60 more not listed; retrieve them via the Exa API.