Legal Opinion
Sharon Herald Co. v. Granger
Court of Appeals for the Third Circuit
Decided April 10, 1952No. 10510_1PublishedCited by 11 opinions
1Opinion of the Court
KALODNER, Circuit Judge.
This appeal, involving income and excess profits taxes for the years 1941, 1942 and 1943, is taken from the judgment of the District Court in favor of the Collector of Internal Revenue (“Collector”) in an action for refund instituted by the plaintiff, Sharon Herald Company (“taxpayer”).
The question presented is whether the taxpayer is entitled to a deduction from gross income for State tax which it paid on behalf of its bondholders 1 as (1) interest on indebtedness under Section 23(b) of the Internal Revenue Code; or (2) business expense under Section 23(a) (1) (A). 2
Th…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- Helvering v. GriffithsSupreme Court of the United States · 1943
- Commissioner v. WheelerSupreme Court of the United States · 1945
5 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Zubik v. ZubikCourt of Appeals for the Third Circuit · 1967
- In Re LeichterCourt of Appeals for the Third Circuit · 1952
- Ruth M. Noel and William H. Frantz, Executors of the Estate of Marshal L. Noel, Deceased, in No. 14727 v. United Aircraft Corporation, in No. 14730Court of Appeals for the Third Circuit · 1965
- United States v. Charles I. Pechenik, President, Colonial Products CompanyCourt of Appeals for the Third Circuit · 1956
- United States v. Ruben Simon, United States of America v. Meyer Simon, United States of America v. Morris SimonCourt of Appeals for the Sixth Circuit · 1960
6 more not listed; retrieve them via the Exa API.