Jackson v. Commissioner
United States Tax Court
For purposes of determining existence of accumulated corporate earnings and profits, carrying charges on corporation's unproductive property held properly charged to capital account, pursuant to respondent's then effective regulations and accepted accounting practice, notwithstanding subsequent nonretroactive change in such regulations.
1Opinion of the Court
Ernest A. Jackson, Petitioner, v. Commissioner of Internal Revenue, Respondent. Estate of Robert O. Farrell, Deceased, Harris Trust and Savings Bank, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Jackson v. Commissioner
Docket Nos. 9688, 9689
United States Tax Court
9 T.C. 307; 1947 U.S. Tax Ct. LEXIS 110;
September 10, 1947, Promulgated
Decisions will be entered for the respondent.
For purposes of determining existence of accumulated corporate earnings and profits, carrying charges on corporation's unproductive property held properly charged to capital account, pursuant to…
2Cases cited5 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Helvering v. Wilshire Oil Co.Supreme Court of the United States · 1939
- Commissioner v. WheelerSupreme Court of the United States · 1945
- Imperial Building Co. v. Chicago Open Board of TradeIllinois Supreme Court · 1908
- Jackson v. CommissionerUnited States Tax Court · 1947