Legal Opinion
American Sav. Bank & Trust Co. v. Burnet
Court of Appeals for the Ninth Circuit
Decided December 6, 1930No. 6220PublishedCited by 17 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
The petitioner, in its income tax return for the year 1920, claims a deduction of $30,-000 on account of the depreciated value of a debt. The Commissioner denied this allowance on the ground that the debt of $70,000 was ascertained to be worthless to the extent of $30,000 in the previous taxable year, 1919. The Board of Tax Appeals found the facts in accordance with the stipulation of the parties, and, from the facts stipulated and from the oral evidence, deduced the conclusion that the debt was ascertained to be worthless to the extent of $30,000 in 1919. The facts…
2Cases cited33 opinions
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- Bedell v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
- Royal Packing Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1927
- Ox Fibre Brush Co. v. BlairCourt of Appeals for the Fourth Circuit · 1929
- Bishoff v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1928
28 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- American Cigar Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1933
- National Bank of Commerce v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1940
- Pacific Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Santa Monica Mountain Park Co. v. United StatesCourt of Appeals for the Ninth Circuit · 1938
- Cross v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1932
12 more not listed; retrieve them via the Exa API.