1. Home
  2. Browse Decisions
  3. T.C.
  4. 49 T.C.
  5. 49 T.C. 234 (1967)
 

CENTRAL FOUNDRY CO. v. COMMISSIONER

Docket No. 946-65.

49 T.C. 234 (1967)

CENTRAL FOUNDRY COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 18, 1967.

Attorney(s) appearing for the Case

John A. Wells, Robert E. Frisch, Thomas H. McBryde, and Charles A. Simmons, for the petitioner.

William F. Chapman and Larry Kars, for the respondent.

The Commissioner determined a deficiency in petitioner's income tax of $101,012.01 for 1958 and $97,622.76 for 1959. Petitioner disputed only so much of the deficiency as reflected the disallowance of deductions taken on its returns for 1958 and 1959 in respect of expenses of a proxy fight between management and a group of successful insurgent stockholders. The Commissioner subsequently conceded that petitioner's payment of management...

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