Legal Opinion
R D. And Ida M. Cravens v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided November 25, 1959No. 6138PublishedCited by 45 opinions
1Opinion of the Court
BREITENSTEIN, Circuit Judge.
Petitioners, husband and wife, challenge a Tax Court decision disallowing a $50,000 business expense deduction claimed for the calendar year 1953 on their joint return which was made on a cash basis. The item represents a disbursement made on December 29, 1953, to cover future deliveries of cattle feed. The Tax Court held that this was a deposit intended to be applied against future orders and was not an ordinary and necessary business expense deductible in 1953. 1
Cravens raised registered Hereford cattle on an Oklahoma ranch. He had built up his herd from 148…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Gregory v. HelveringSupreme Court of the United States · 1935
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
14 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Sandor v. CommissionerUnited States Tax Court · 1974
- Denver & Rio Grande Western Railroad Company v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1960
- Van Raden v. CommissionerUnited States Tax Court · 1979
- E. Keith Owens v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1977
- Packard v. CommissionerUnited States Tax Court · 1985
40 more not listed; retrieve them via the Exa API.