Legal Opinion
Commercial Freight Lines, Inc. v. Commissioner
United States Tax Court
Decided March 27, 1957No. Docket No. 61053Unpublished
1Opinion of the Court
Commercial Freight Lines, Inc. v. Commissioner.
Commercial Freight Lines, Inc. v. Commissioner
Docket No. 61053.
United States Tax Court
T.C. Memo 1957-48; 1957 Tax Ct. Memo LEXIS 204; 16 T.C.M. (CCH) 210; T.C.M. (RIA) 57048;
March 27, 1957
Howard Steele, Esq., for the petitioner. Claude Sanders, Esq., for the respondent.
LEMIRE
Memorandum Opinion
LEMIRE, Judge: This proceeding involves a deficiency in the income tax of petitioner for the taxable year 1953 in the amount of $1,427.10.
The sole issue is whether the transaction in 1953, whereby its stockholder-creditor on payment by petitioner of the…
2Cases cited5 opinions
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Denman Tire & Rubber Co. v. CommissionerUnited States Tax Court · 1950
- Marshall Drug Co. v. United StatesUnited States Court of Claims · 1951
- Standard Brass & Manufacturing Co. v. CommissionerUnited States Tax Court · 1953