Legal Opinion
Maxwell Hardware Company, a Corporation, on Review v. Commissioner of Internal Revenue, on Review
Court of Appeals for the Ninth Circuit
Decided May 10, 1965No. 19372PublishedCited by 40 opinions
1Opinion of the Court
THOMPSON, District Judge:
This is a petition for review of a decision of the Tax Court of the United States, jurisdiction of which is conferred on this Court under Title 26, U.S.C. § 7482. The Tax Court disallowed to Petitioner, Maxwell Hardware Company, a corporation, net operating loss carryover deductions taken for its tax years ending January 31, 1957 to 1960, inclusive.
In summary, the facts are that Maxwell Hardware had sustained approximately $1,000,000 of losses in a hardware business. It entered into an agreement with two partners, Beckett and Fede-righi, who were engaged in numerous…
2Cases cited14 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Sansone v. United StatesSupreme Court of the United States · 1965
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Great Northern Railway Co. v. United StatesSupreme Court of the United States · 1942
9 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Alinco Life Insurance Company v. The United StatesUnited States Court of Claims · 1967
- Stauffer v. CommissionerUnited States Tax Court · 1967
- Frederick Steel Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
- United States v. Adkins-Phelps, IncorporatedCourt of Appeals for the Eighth Circuit · 1968
- Clarksdale Rubber Co. v. CommissionerUnited States Tax Court · 1965
35 more not listed; retrieve them via the Exa API.