Agricultural Sec. Corp. v. Commissioner
United States Board of Tax Appeals
Gains resulting from transactions in joint stock land bank bonds issued under the Federal Farm Loan Act held taxable.
1Opinion of the Court
*1106OPINION.
Oppek :
The precise question to be decided has not previously come before us. Cases somewhat analogous have determined that profit from the disposition of Government bonds is taxable to a nonresident alien, even though the exemption of principal as well as interest was from “any and all taxation”, Hubert De Stuers, 26 B. T. A. 201; that Federal obligations are subject to gift tax even though the principal thereof as well as the interest was specifically exempted from all taxation with certain stated exceptions which did not include that tax, Lawrence C. Phipps, 34 B. T. A. 641; affd.,…
2Cases cited16 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
11 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Ernest L. Wilkinson and Alice L. Wilkinson v. The United StatesUnited States Court of Claims · 1962
- Garrett Holding Corp. v. CommissionerUnited States Tax Court · 1947
- Golden Nugget, Inc. v. CommissionerUnited States Tax Court · 1984
- Stern Bros. & Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 1940
- Agricultural Sec. Corp. v. CommissionerUnited States Board of Tax Appeals · 1939
7 more not listed; retrieve them via the Exa API.