1. Home
  2. Browse Decisions
  3. F.2d
  4. 431 F.2d
  5. 431 F.2d 1222 (1970)
 

POTTS, DAVIS & COMPANY v. C. I. R.

No. 24026.

431 F.2d 1222 (1970)

POTTS, DAVIS & COMPANY, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Ninth Circuit.

September 29, 1970.

Attorney(s) appearing for the Case

Peter M. Gunnar (argued), of Gunnar & Johnson, Salem, Or., for appellant.

Stephen H. Hutzelman (argued), Lee A. Jackson, Elmer J. Kelsey, Attys., Johnnie M. Walters, Asst. Atty. Gen., Tax Division, Dept. of Justice, Richard M. Hahn, Chief Counsel Acting, Internal Revenue Service, Washington, D. C., for appellee.

Before WRIGHT and KILKENNY, Circuit Judges, and TAYLOR, District Judge.

EUGENE A. WRIGHT, Circuit Judge:

The Commissioner of Internal Revenue asserted a deficiency in the income tax of Potts, Davis & Co. (Potts-Davis) in the amount of $3,176.09 resulting from disallowance of depreciation of insurance files claimed during the preceding three fiscal years. The Tax Court (Fay, J.) held that Potts-Davis in the proceeding before it had failed to prove that these files had a determinable useful life and was therefore not entitled to 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