Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Official citation and/or docket number and footnotes (if any) for this case available with purchase.

Learn more about what you receive with purchase of this case.

Bobrow Bros. Inc. v. Commissioner of Internal Revenue.

UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT


April 23, 1943

BOBROW BROS., INC.,
v.
COMMISSIONER OF INTERNAL REVENUE.

On Petition for Review of Decision of United States Board of Tax Appeals.

before MARIS and GOODRICH, Circuit Judges, and GANEY, District Judge.

Per Curiam.

For the reasons set forth in the memorandum opinion of the Board of Tax Appeals the decision of the Board upon the right of the petitioner to deduct as taxes certain import duties in computing its income tax for the year 1936 is affirmed. The decision, however, includes an adjudication of the petitioner's liability for undistributed profits tax for the same year which may be affected by the provisions of Section 501(a)(3) of the Revenue Act of 1942, 26 U.S.C.A. Int. Rev. Acts. Accordingly upon the joint motion of the petitioner and the respondent the decision of the Board is vacated and the cause is remanded to the Tax Court of the United States for the determination by it of the application and effect, if any, of the provisions of Section 501(a)(3) of the Revenue Act of 1942 upon the liability of the petitioner for undistributed profits tax for the year 1936.

19430423

© 1998 VersusLaw Inc.



Buy This Entire Record For $7.95

Official citation and/or docket number and footnotes (if any) for this case available with purchase.

Learn more about what you receive with purchase of this case.