Legal Opinion
Webster Investors, Inc. (Successor by Merger to Webster Investment Company, Inc) v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided June 9, 1961No. 26751_1PublishedCited by 26 opinions
1Opinion of the Court
WATKINS, District Judge.
This is a petition for review of a decision of the Tax Court of the United States. The case involves the amount of a capital loss for income tax purposes for the calendar year 1954, and deals with a transaction which took place in 1952. Two questions are presented by the petition for review:
1. Was the Tax Court’s finding of the 1916 value of a cigar brand name, “Henrietta,” sold by taxpayer in 1952 at a claimed loss, clearly erroneous?
2. Did the Tax Court abuse its discretion in denying taxpayer’s motions, presented after the hearing, which raised the alternative…
2Cases cited7 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Grace Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Guggenheim v. HelveringCourt of Appeals for the Second Circuit · 1941
2 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Marie H. Hamm v. Commissioner of Internal Revenue, William Hamm, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Commissioner of Internal Revenue v. José FerrerCourt of Appeals for the Second Circuit · 1962
- Parmelee Transportation Company v. The United StatesUnited States Court of Claims · 1965
- McGuire v. CommissionerUnited States Tax Court · 1965
- Bisbee-Baldwin Corporation v. Laurie E. Tomlinson, District Director of Internal Revenue for the District of FloridaCourt of Appeals for the Fifth Circuit · 1963
21 more not listed; retrieve them via the Exa API.