Luke v. Commissioner
United States Tax Court
1. Arlington Corp. (now Interestate Steel Co., the corporate petitioner herein) during its fiscal period February 1, to December 31, 1955, suffered a net operating loss of $628,296.70 in its machine shop business in St. Paul, Minnesota, resulting largely from the production of military items for the United States Government.
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1. Arlington Corp. (now Interestate Steel Co., the corporate petitioner herein) during its fiscal period February 1, to December 31, 1955, suffered a net operating loss of $628,296.70 in its machine shop business in St. Paul, Minnesota, resulting largely from the production of military items for the United States Government. During 1956 Arlington had a net profit of $2,085.84, and in 1957 again had a loss of $96,764.05. During said period Arlington was virtually insolvent, under the control of its creditors, and was unable to continue in business. During this period Howard Conant was the…
1Opinion of the Court
Herbert Luke and Cecille Luke, et al. 1 v. Commissioner.
Luke v. Commissioner
Docket Nos. 88890-88892, 89322.
United States Tax Court
T.C. Memo 1964-176; 1964 Tax Ct. Memo LEXIS 163; 23 T.C.M. (CCH) 1022; T.C.M. (RIA) 64176;
June 23, 1964
1. Arlington Corp. (now Interestate Steel Co., the corporate petitioner herein) during its fiscal period February 1, to December 31, 1955, suffered a net operating loss of $628,296.70 in its machine shop business in St. Paul, Minnesota, resulting largely from the production of military items for the United States Government. During 1956 Arlington had a net profit…
2Cases cited39 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Burnet v. HoustonSupreme Court of the United States · 1931
- John Kelley Co. v. CommissionerSupreme Court of the United States · 1946
34 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
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- Rosenberg v. CommissionerUnited States Tax Court · 1985