Court Opinion

ID: 9443363
Source: CourtListenerOpinion
Date Created: 2023-08-03 19:18:33.377612+00
Date Added: 2024-06-11T17:29:27.848644
License: Public Domain

STRUM, Circuit Judge
(dissenting).
With deference to the able judges, in this circuit and elsewhere, who have taken the opposite view, I am opposed to an interpretation of the tax laws which will enable a taxpayer to gain a tax advantage •by violating the price stabilization laws, thus placing himself in a better position than had he obeyed the law.
The taxing authorities should not be compelled to recognize a merchandise “cost,” the payment of which is expressly proscribed and denounced as a crime by federal law. “Cost,” as used in Treasury Regulation 111, Sec. 29.22(a)-5, means “lawful cost.”
I therefore dissent.