Legal Opinion
Queen City Woodworks & Lumber Co. v. Crooks
District Court, W.D. Missouri
Decided March 31, 1934No. 583PublishedCited by 9 opinions
1Opinion of the Court
REEVES, District Judge.
This is a suit 'for the recovery of an income tax paid for the calendar year 1928. The amount was $5,053.87. The net income returned by the plaintiff for the year was $42,115.58. The closing inventory for the year was $163,129.08. In the suit, plaintiff says that this was an error, as the closing inventory should have been $123,019.50. It asserts that it was entitled to a deduction of $40,109.58. This deduction is claimed because it inventoried certain articles of merchandise at the cost price of $57,156.83-, whereas the actual market value at the time was only…
2Cases cited7 opinions
- Burnet v. Niagara Falls Brewing Co.Supreme Court of the United States · 1931
- United States Cartridge Co. v. United StatesSupreme Court of the United States · 1932
- Morrow, Becker & Ewing, Inc. v. CommissionerCourt of Appeals for the Fifth Circuit · 1932
- Burnet v. MarstonCourt of Appeals for the D.C. Circuit · 1932
- Lucker v. United StatesUnited States Court of Claims · 1931
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Sam Goldberger, Inc. v. CommissionerUnited States Tax Court · 1987
- C-O-Two Fire Equipment Company v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1955
- Space Controls, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- C-O-Two Fire Equipment Co. v. CommissionerUnited States Tax Court · 1954
- C-O-Two Fire Equipment Co. v. CommissionerUnited States Tax Court · 1954
4 more not listed; retrieve them via the Exa API.