Home/First Circuit/Chartier Real Estate Company, Inc. v. Commissioner of Internal Revenue, (Three Cases)

Chartier Real Estate Company, Inc. v. Commissioner of Internal Revenue, (Three Cases)

428 F.2d 474, 25 A.F.T.R.2d (RIA) 1296, 1970 U.S. App. LEXIS 8994
CourtCourt of Appeals for the First Circuit
DecidedMay 29, 1970
Docket7513-15_1
StatusPublished
Cited by31 cases

This text of 428 F.2d 474 (Chartier Real Estate Company, Inc. v. Commissioner of Internal Revenue, (Three Cases)) is published on Counsel Stack Legal Research, covering Court of Appeals for the First Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Chartier Real Estate Company, Inc. v. Commissioner of Internal Revenue, (Three Cases), 428 F.2d 474, 25 A.F.T.R.2d (RIA) 1296, 1970 U.S. App. LEXIS 8994 (1st Cir. 1970).

Opinion

PER CURIAM.

The decisions of the Tax Court are affirmed, essentially on its opinion. 52 T.C. 346 (1969). So far as the year 1962 is concerned the result of what seems the prima facie meaning of the statute does not even appear unreasonable. It does not seem inappropriate to place a floor at the alternate tax, leaving unused losses to their carryover utility, if any. Correspondingly, as to 1965, we do not fault the Tax Court’s conclusion that in section 172(b) (2), “ ‘taxable income’ means that taxable income to which the loss is actually applied in computing actual tax liability.” No useful purpose would be served by further elaboration on these unimportant and seldom occurring questions.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Georgia International Life Ins. Co. v. Commissioner
81 T.C. No. 15 (U.S. Tax Court, 1983)
Pesch v. Commissioner
78 T.C. No. 8 (U.S. Tax Court, 1982)
Stevenson Co-Ply, Inc. v. Commissioner
76 T.C. 637 (U.S. Tax Court, 1981)
United California Bank v. United States
439 U.S. 180 (Supreme Court, 1978)
In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.
563 F.2d 692 (Fifth Circuit, 1977)
Continental Equities, Inc., Cross-Appellant v. Commissioner of Internal Revenue, Cross-Appellee
551 F.2d 74 (Fifth Circuit, 1977)
United States v. Foster Lumber Co.
429 U.S. 32 (Supreme Court, 1976)
In the Matter of Avien, Inc., Debtor. The City of New York v. Avien, Inc.
532 F.2d 273 (Second Circuit, 1976)
Bridges v. Commissioner
64 T.C. 968 (U.S. Tax Court, 1975)
Sidney Axelrod and Andrea Axelrod v. Commissioner of Internal Revenue
507 F.2d 884 (Sixth Circuit, 1975)
Mutual Assurance Society of Virginia Corporation v. Commissioner of Internal Revenue
505 F.2d 128 (Fourth Circuit, 1974)
Foster Lumber Company, Inc. v. United States
500 F.2d 1230 (Eighth Circuit, 1974)
Olympic Foundry Company, a Washington Corporation v. United States
493 F.2d 1247 (Ninth Circuit, 1974)
Lone Manor Farms, Inc. v. Commissioner
61 T.C. No. 48 (U.S. Tax Court, 1974)
Axelrod v. Commissioner
1973 T.C. Memo. 190 (U.S. Tax Court, 1973)
Mutual Assurance Soc. of Virginia Corp. v. Commissioner
1973 T.C. Memo. 177 (U.S. Tax Court, 1973)
Naegele v. United States
383 F. Supp. 1041 (D. Minnesota, 1973)
Pope & Talbot, Inc. v. Commissioner
60 T.C. No. 9 (U.S. Tax Court, 1973)
Drew v. Commissioner
1972 T.C. Memo. 40 (U.S. Tax Court, 1972)

Cite This Page — Counsel Stack

Bluebook (online)
428 F.2d 474, 25 A.F.T.R.2d (RIA) 1296, 1970 U.S. App. LEXIS 8994, Counsel Stack Legal Research, https://law.counselstack.com/opinion/chartier-real-estate-company-inc-v-commissioner-of-internal-revenue-ca1-1970.