Artnell Co. v. Commissioner
United States Court of Appeals for the Seventh Circuit
400 F.2d 981 (1968)
- Written by Sara Rhee, JD
Facts
Chicago White Sox, Inc. handled sales for the Chicago White Sox team. It sold tickets, broadcasting and televising rights, as well as season parking books. As an accrual method taxpayer, Chicago White Sox, Inc. recorded revenues for each game as unearned income until services were actually rendered at each game. On May 31, 1962, Artnell Company (Artnell) (plaintiff) acquired Chicago White Sox, Inc. Artnell filed an income tax return for the taxable year ending May 31, 1962. It excluded the deferred unearned income for future games from its gross income. The Commissioner (defendant) determined a deficiency and required Artnell to include the deferred unearned income as gross income. The Tax Court affirmed the Commissioner’s determination.
Rule of Law
Issue
Holding and Reasoning (Fairchild, J.)
What to do next…
Here's why 777,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,200 briefs, keyed to 988 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.
