Legal Opinion
Akron National Bank and Trust Company v. United States
Court of Appeals for the Sixth Circuit
Decided February 18, 1975No. 74--1612PublishedCited by 7 opinions
1Opinion of the Court
CELEBREZZE, Circuit Judge.
This appeal presents the question whether certain funds should have been added to Appellee Bank’s bad debt reserve for the purpose of calculating its 1968 deduction under section 166(c), Int. Rev.Code of 1954, 26 U.S.C. § 166(c) (1967). The Commissioner of Internal Revenue determined that funds undisbursed under construction loan agreements as of December 31, 1968 should not have been included within Appellee’s 1968 base of outstanding loans, used to calculate its bad debt reserve for .that year. The District Court disagreed and ordered a refund.
This dispute involves…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- The Paramount Finance Company v. The United States. Edward T. Kirtz and Rosalyn S. Kirtz v. The United StatesUnited States Court of Claims · 1962
- American State Bank, a Wisconsin Banking Corporation v. United States of America, (Two Cases)Court of Appeals for the Seventh Circuit · 1960
- Loewi & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1956
- Milton Bradley Co. v. United StatesCourt of Appeals for the First Circuit · 1944
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3Cited by7 opinions
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1980
- Malone & Hyde, Inc. v. United StatesCourt of Appeals for the Sixth Circuit · 1978
- The First National Bank of Chicago v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1977
- First Nat'l Bank v. CommissionerUnited States Tax Court · 1975
- Loyola Federal Savings & Loan Ass'n v. United StatesDistrict Court, D. Maryland · 1975
2 more not listed; retrieve them via the Exa API.