PIERCE ESTATES v. COMMISSIONER OF INTERNAL REVENUE

No. 10616.

195 F.2d 475 (1952)

PIERCE ESTATES, Inc. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals, Third Circuit.

Decided April 8, 1952.


Attorney(s) appearing for the Case

Robert Ash, Washington, D. C. (Joseph H. Morey, Buffalo, N. Y., on the brief), for petitioner.

Virginia H. Adams, Washington, D. C. (Ellis N. Slack, Acting Asst. Atty. Gen., Lee A. Jackson, Special Asst. to the Atty. Gen., on the brief), for respondent.

Before MARIS, GOODRICH and McLAUGHLIN, Circuit Judges.


MARIS, Circuit Judge.

This is a petition to review a decision of the Tax Court that certain interest, amounting to $56,156.94, paid by the taxpayer in 1946 on its debenture notes had accrued in prior years and was, therefore, not deductible in computing its taxable net income for that year. 16 T.C. 1020.

The taxpayer is a corporation formed in 1918 to hold and administer certain real and personal property of the estate of Dr...

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