Legal Opinion
Wolf v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided May 6, 1935No. 7504PublishedCited by 4 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
Petitioner seeks to review the action of the Board of Tax Appeals in sustaining the Commissioner of Internal Revenue in the inclusion in the gross income of the petitioner of the sum of $18,349 as taxable gain due to the appreciation in value of a strip of land taken by the city of Los Angeles for the opening of Ivar avenue in 1929 from a lot owned by the petitioner. Petitioner’s lot, which was 103 feet wide, fronting on Cahuenga avenue, and 383 feet deep, was acquired in 1920 at a cost of $21,000. The strip condemned by the city was 70 feet wide, running diagonally…
2Cases cited2 opinions
- Spring Street Co. v. City of Los AngelesCalifornia Supreme Court · 1915
- Carrano v. CommissionerCourt of Appeals for the Second Circuit · 1934
3Cited by4 opinions
- Christian Ganahl Co. v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1937
- Central & Pacific Imp. Corp. v. Commissioner of Int. Rev.Court of Appeals for the Ninth Circuit · 1937
- Central & Pacific Imp. Corp. v. Commissioner of Int. Rev.Court of Appeals for the Ninth Circuit · 1937
- Central & Pacific Imp. Corp. v. Commissioner of Int. Rev.Court of Appeals for the Ninth Circuit · 1937