Legal Opinion
Pacific Ins. v. United States
District Court, D. Hawaii
Decided May 5, 1950No. Civ. A. No. 861PublishedCited by 2 opinions
1Opinion of the Court
McLAUGHLIN, District Judge.
1. The Facts
The facts in this case have been stipulated. The plaintiff taxpayer is an Hawaiian corporation, and is an insurance company “other than life or mutual,” as .defined in section 204 of the Internal Revenue Code, infra, 26 U.S.C.A. § 204.
The plaintiff has regularly and consistently determined its taxable net income *329under the provisions of section 204, its "books being kept and its tax returns made on the accrual method of accounting and on a calendar year basis.
In making its annual statements of financial condition to the Insurance Commissioner of the…
2Cases cited3 opinions
- Murphy Oil Co. v. BurnetSupreme Court of the United States · 1932
- Murphy Oil Co. v. BurnetCourt of Appeals for the Ninth Circuit · 1932
- Pacific Employers Ins. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
3Cited by2 opinions
- Commissioner of Internal Revenue v. General Reinsurance CorpCourt of Appeals for the Second Circuit · 1951
- Pacific Ins. Co., Limited v. United StatesCourt of Appeals for the Ninth Circuit · 1951