1. Home
  2. Browse Decisions
  3. F.2d
  4. 282 F.2d
  5. 282 F.2d 919 (1960)
 

UNITED FINANCE AND THRIFT CORP. OF TULSA v. C. I. R.

No. 8093.

282 F.2d 919 (1960)

UNITED FINANCE AND THRIFT CORPORATION OF TULSA, Formerly the State Loan Company of Tulsa, and United Finance and Thrift Corporation of Tulsa County, Formerly The State Loan Company, (Oklahoma), Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Fourth Circuit.

Decided September 29, 1960.

Attorney(s) appearing for the Case

Robert Ash, Washington, D. C., (Ash, Bauersfeld & Burton, Washington, D. C., on brief), for petitioners.

John J. Pajak, Attorney, Department of Justice, Washington, D. C., (Charles K. Rice, Asst. Atty. Gen., Lee A. Jackson and Harry Baum, Attorneys, Department of Justice, Washington, D. C., on brief), for respondent.

Before SOPER and HAYNSWORTH, Circuit Judges, and CHARLES F. PAUL, District Judge.

CHARLES F. PAUL, District Judge.

These are consolidated petitions for review of decisions of the Tax Court1 disallowing, in part, deductions claimed by the taxpayers on account of depreciation. The taxpayers claimed in the Tax Court, and here insist, that they are entitled to deductions as "new business development expense" of the full amounts of sums which they say were paid solely as consideration for "covenants not to compete" obtained...

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