Legal Opinion
Socony-Vacuum Oil Co. v. United States
District Court, S.D. New York
Decided November 8, 1943PublishedCited by 3 opinions
1Opinion of the Court
COXE, District Judge.
This is an action to recover an alleged over-payment of income taxes for 1925, amounting to $66,218.88, with interest from December 15, 1926.
The action is based on the refusal of the commissioner to allow any deduction from gross income on account of an asserted loss resulting from the partial liquidation in 1925 of the Tank Storage and Carriage Company, Ltd., a wholly owned British subsidiary of the plaintiff. This loss was stated in the original complaint at $315,-894.30', but the amount was increased by amendment at the trial to $509,376. The plaintiff computes the…
2Cases cited7 opinions
- United States v. Memphis Cotton Oil Co.Supreme Court of the United States · 1933
- United States v. Garbutt Oil Co.Supreme Court of the United States · 1938
- United States v. AndrewsSupreme Court of the United States · 1938
- Pink v. United StatesCourt of Appeals for the Second Circuit · 1939
- Marks v. United StatesCourt of Appeals for the Second Circuit · 1938
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Smale & Robinson, Inc. v. United StatesDistrict Court, S.D. California · 1954
- Socony-Vacuum Oil Co. v. United StatesCourt of Appeals for the Second Circuit · 1945
- Broadway-111th Street Associates, LLC v. Commissioner of New York State Division of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2006