Legal Opinion
Central Real Estate Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided March 18, 1931No. 5871PublishedCited by 14 opinions
1Opinion of the Court
FOSTER, Circuit Judge.
This is a petition to reverse a decision of the Board of Tax Appeals affirming the ruling of -the Commissioner of Internal Revenue denying to petitioner the right to capitalize and add taxes and interest on the unpaid portion of the purchase price to the cost of cer- . tain real estate in determining the profit derived from its sale. 17 B. T. A. 776. ..
There is no dispute as to the material f aets which aré these: Petitioner is a Texas corporation and in the year 1913 purchased unimproved real estate in the city of Dallas for 'speculation, paying $50,126.00 therefor. It…
2Cases cited5 opinions
- Caminetti v. United StatesSupreme Court of the United States · 1917
- Hays v. Gauley Mountain Coal Co.Supreme Court of the United States · 1918
- Fraser v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1928
- Westerfield v. RaffertyDistrict Court, E.D. New York · 1925
- Oswego & S. R. Co. v. CommissionerCourt of Appeals for the Second Circuit · 1928
3Cited by14 opinions
- Hoffman v. PalmerCourt of Appeals for the Second Circuit · 1942
- Commissioner of Internal Revenue v. Beck's EstateCourt of Appeals for the Second Circuit · 1942
- Southern Natural Gas Company v. The United StatesUnited States Court of Claims · 1969
- Wilbur v. CommissionerUnited States Tax Court · 1964
- In Re Columbia Tobacco Co.Court of Appeals for the Second Circuit · 1941
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