Legal Opinion
Potts, Davis & Company v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided September 29, 1970No. 24026_1PublishedCited by 31 opinions
1Opinion of the Court
EUGENE A. WRIGHT, Circuit Judge:
The Commissioner of Internal Revenue asserted a deficiency in the income tax of Potts, Davis & Co. (Potts-Davis) in the amount of $3,176.09 resulting from disallowance of depreciation of insurance files claimed during the preceding three fiscal years. The Tax Court (Fay, J.) held that Potts-Davis in the proceeding before it had failed to prove that these files had a determinable useful life and was therefore not entitled to the claimed deductions. We Affirm.
The essential facts as stipulated by the parties and found by the Tax Court are not in dispute.…
2Cases cited14 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Quock Ting v. United StatesSupreme Court of the United States · 1891
- United States v. Olympic Radio & Television, Inc.Supreme Court of the United States · 1955
9 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Michael L. Rockwell, and Regina Rockwell v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1975
- Mysse v. CommissionerUnited States Tax Court · 1972
- Audrey M. Thompson, Florence Ain & Gregory Ain, Dorothy E. Kahan & Robert Kahan, Nana Berman & William Berman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- Howard F. And Mildred E. Keogh v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1983
- Washington Mutual, Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 2017
26 more not listed; retrieve them via the Exa API.