OLYMPIC FOUNDRY COMPANY v. UNITED STATES

No. 72-2128.

493 F.2d 1247 (1974)

OLYMPIC FOUNDRY COMPANY, a Washington corporation, Plaintiff-Appellee, v. UNITED STATES of America, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

January 29, 1974.


Attorney(s) appearing for the Case

Scott P. Carmpton, Asst. Atty. Gen., Tax Div., Darrell D. Hallett, Trial Atty., Meyer Rothwacks, Thomas L. Stapleton, Richard Farber, U. S. Dept. of Justice, Tax Div., Washington, D. C., Charles W. Billinghurst, Asst. U. S. Atty., Stan Pitkin, U. S. Atty., Tacoma, Wash., for defendant-appellant.

Gerald R. Hergert, of Trethewey & Brink, Seattle, Wash., for plaintiff-appellee.

Before CHAMBERS and SNEED, Circuit Judges, and BURNS, District Judge.


OPINION

PER CURIAM:

The Government seeks to reverse the District Court's holding that where in a preceding year the alternative method of computing corporate income tax provided in Int.Rev.Code of 1954, § 1201 is utilized, the excess of the taxpayer's net operating loss deduction carried back from a later year over its ordinary income in such preceding year may be carried forward to succeeding years under Int.Rev.Code of 1954, § 172, even though...

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