1. Home
  2. Browse Decisions
  3. T.C.
  4. 1 T.C.
  5. 1 T.C. 1114 (1943)
 

NORTHWESTERN STEEL AND WIRE CO. v. COMMISSIONER

Docket No. 107181.

1 T.C. 1114 (1943)

NORTHWESTERN STEEL AND WIRE COMPANY (FORMERLY NORTHWESTERN BARB WIRE COMPANY), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 18, 1943.

Attorney(s) appearing for the Case

E. H. McDermott, Esq., Wm. M. Emery, Esq., and Richard E. Steinbrecher, Esq., for the petitioner.

F. F. Korrell, Esq., for the respondent.

This proceeding involves the redetermination (to the extent of $38,449.01) of a deficiency of $40,376.27 in income tax for the fiscal year ended July 31, 1937. The issue is whether respondent erred in disallowing the amount of $188,923.02 as a credit for contracts restricting dividend payments. Petitioner alleges in the alternative that respondent erred in disallowing a credit of $74,927.96 for current earnings of the taxable year...

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