Reports of the Tax Court of the United States, Volume 32U.S. Government Printing Office, 1960 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
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Results 1-5 of 100
Page 20
... taxpayer occupying the situation of petitioner . Cf. Helvering v . Northwest Steel Rolling Mills , 311 U.S. 46. In this contention , petitioner is not sustained . Among the other contentions made by petitioner against the deter ...
... taxpayer occupying the situation of petitioner . Cf. Helvering v . Northwest Steel Rolling Mills , 311 U.S. 46. In this contention , petitioner is not sustained . Among the other contentions made by petitioner against the deter ...
Page 61
... taxpayer entitled to use the excess profits credit based on income pursuant to section 713 , if its average base ... taxpayer . ( 2 ) the business of the taxpayer was depressed in the base period because of tem- porary economic ...
... taxpayer entitled to use the excess profits credit based on income pursuant to section 713 , if its average base ... taxpayer . ( 2 ) the business of the taxpayer was depressed in the base period because of tem- porary economic ...
Page 63
... taxpayer accordingly reserves the right so to change such amounts . The taxpayer's excess profits tax computed under Subchapter E of Chapter 2 of the Internal Revenue Code ( without the benefit of Section 722 of such Code ) results in ...
... taxpayer accordingly reserves the right so to change such amounts . The taxpayer's excess profits tax computed under Subchapter E of Chapter 2 of the Internal Revenue Code ( without the benefit of Section 722 of such Code ) results in ...
Page 64
... taxpayer was depressed by reason of an unusual profits cycle , or ( c ) Furnish data establishing that the taxpayer was depressed by reason of realization of sporadic profits inadequately represented in the base period . X 5. Other ...
... taxpayer was depressed by reason of an unusual profits cycle , or ( c ) Furnish data establishing that the taxpayer was depressed by reason of realization of sporadic profits inadequately represented in the base period . X 5. Other ...
Page 68
... taxpayer was permitted to amend his claim to state for the first time a specific ground upon which he sought such refund . On the same day , in United States v . Henry Prentiss & Co. , 288 U.S. 73 , the Court held that another taxpayer ...
... taxpayer was permitted to amend his claim to state for the first time a specific ground upon which he sought such refund . On the same day , in United States v . Henry Prentiss & Co. , 288 U.S. 73 , the Court held that another taxpayer ...
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Common terms and phrases
16th amendment Adwood agreed agreement amendment amount AOTC applicable assessment assets bank base period basis capital gain cash cent claimed class B common Commissioner common stock computed construction contract corporation cost Court death decedent's December 31 deduction deficiency depreciation directors distribution dividend Docket Double Oaks equipment excess profits tax exchange expenses Federal filed fiscal follows Gratuity Fund gross income Hall held hereinafter included income tax income tax returns insurance company interest Internal Revenue Code inventory issue January June 30 lease loan loss ment mortgage net income operation ordinary income paid parties partnership Patenotre payment peti petitioner petitioner's preferred stock prior purchase purpose receipts received rent rental respect Respondent determined respondent's section 722 shares Sheldon Whitehouse sold Spring Co statute stipulated stockholders supra tankers taxable taxpayer tion tioner trade or business transfer trust United Venezuela Weatherford
Popular passages
Page 232 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 515 - Property Used in the Trade or Business. — (1) Definition of property used in the trade or business. — For the purposes of this subsection, the term "property used in the trade or business...
Page 607 - ... (b) Sales of Realty and Casual Sales of Personalty. — In the case (1) of a casual sale or other casual disposition of personal property (other than property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year), for a price exceeding $1,000...
Page 323 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 788 - Where before the expiration of the time prescribed in section 275 for the assessment of the tax, both the Commissioner and the taxpayer have consented in writing to its assessment after such time, the tax may be assessed at any time prior to the expiration of the period agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.
Page 130 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 102 - The fact that the earnings or profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid surtax upon shareholders unless the corporation by the clear preponderance of the evidence shall prove to the contrary.
Page 621 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 96 - If any corporation, however created or organized, is formed or availed of for the purpose of preventing the imposition of the surtax upon its shareholders through the medium of permitting its gains and profits to accumulate instead of being divided or distributed...
Page 615 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock...