1. Home
  2. Browse Decisions
  3. S.E.2d
  4. 135 S.E.2d
  5. 135 S.E.2d 205 (1964)
 

FOREMAN MANUFACTURING COMPANY v. JOHNSON

No. 18.

135 S.E.2d 205 (1964)

261 N.C. 504

FOREMAN MANUFACTURING COMPANY, Inc. v. W. A. JOHNSON, Commissioner of Revenue of North Carolina.

Supreme Court of North Carolina.

March 25, 1964.

Attorney(s) appearing for the Case

John H. Hall, Elizabeth City, for plaintiff appellee.

T. W. Bruton, Atty. Gen., and Charles D. Barham, Jr., and Ray B. Brady, Asst. Attys. Gen., for defendant appellant.

SHARP, Justice.

Plaintiff claimed the 1957 net operating loss of $48,575.87 as an allowable deduction against income in succeeding fiscal years under G.S. § 105-147(9) (d) which, in pertinent part, provides:

"§ 105-147. Deductions.—In computing net income there shall be allowed as deductions the following items: * * * * * * "(9) Losses of such nature as designated below: * * * * * * "d. Losses in the...

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