Legal Opinion
Commissioner of Internal Revenue v. Crane
Court of Appeals for the Second Circuit
Decided April 29, 1946No. 23PublishedCited by 14 opinions
1Opinion of the Court
L. HAND, Circuit Judge.
The Commissioner appeals from an order of the Tax Court, expunging a deficiency assessed against the taxpayer in her income tax for the year 1938. The question is, of the amount of the gain realized upon a sale in that year of a parcel of real property. The facts were as follows. The taxpayer was the widow of one, Crane, who died on January 11, 1932, and who by his will devised to her an apartment house *505in Brooklyn, on which at the time there was a mortgage of $262,042.50, and which was appraised at his death at exactly that amount. The taxpayer allowed the mortgage to…
2Cases cited10 opinions
- Helvering v. HammelSupreme Court of the United States · 1941
- Kortright v. . CadyNew York Court of Appeals · 1860
- United States v. HendlerSupreme Court of the United States · 1938
- Bingham v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1939
- Commissioner of Internal Revenue v. HoffmanCourt of Appeals for the Second Circuit · 1941
5 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Crane v. CommissionerSupreme Court of the United States · 1947
- Commissioner v. TuftsSupreme Court of the United States · 1983
- Fox v. CommissionerUnited States Tax Court · 1974
- Woodsam Associates, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1952
- Estate of Aaron Levine, Deceased, Harvey Levine, and Anna Levine, Surviving Wife v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1980
9 more not listed; retrieve them via the Exa API.