COMMISSIONER OF INTERNAL REVENUE v. PAGE OIL CO.

No. 194.

129 F.2d 748 (1942)

COMMISSIONER OF INTERNAL REVENUE v. PAGE OIL CO.

Circuit Court of Appeals, Second Circuit.

July 27, 1942.


Attorney(s) appearing for the Case

Samuel O. Clark, Jr., Asst. Atty. Gen., J. Louis Monarch and Edward H. Hammond, Sp. Assts. to Atty. Gen., for petitioner.

James P. Quigley, of Olean, N. Y., for respondent.

Before SWAN, CHASE, and FRANK, Circuit Judges.


CHASE, Circuit Judge.

This controversy as to the correct amount of the respondent's income taxes for the year 1934 and of its income and excess profits taxes for the years 1935 and 1936 has grown out of the Commissioner's disallowance of deductions from gross income taken by the respondent in its returns for those years for interest accrued. The deductions were taken under § 23 (b) of the Revenue Act of 1934 and the corresponding section of the 1936 Act, 26 U...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases