1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 55 F.Supp.
  5. 55 F.Supp. 109 (1944)
 

CEM SECURITIES CORPORATION v. UNITED STATES

No. 45321.

55 F.Supp. 109 (1944)

CEM SECURITIES CORPORATION v. UNITED STATES.

Court of Claims.

May 1, 1944.

Attorney(s) appearing for the Case

J. Marvin Haynes, of Washington, D. C., for plaintiff.

J. W. Hussey, of Washington, D. C., and Samuel O. Clark, Jr., Asst. Atty. Gen. (Robert N. Anderson and Fred K. Dyar, both of Washington, D. C., on the brief), for defendant.

Before WHALEY, Chief Justice, BOOTH, Chief Justice (retired), recalled, and LITTLETON, WHITAKER, and MADDEN, Judges.

MADDEN, Judge.

Plaintiff, in its income-tax return for the year 1933, claimed a bad-debt deduction of $115,500 because of a charge-off in that year as worthless of a note of one Utech for that amount which plaintiff held, and a business loss of $32,369.13 occasioned by the sale of 1,000 shares of stock to one Amberg

[55 F.Supp. 114]
for that amount less than the cost of the stock to plaintiff. The Commissioner of Internal Revenue disallowed...

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