Legal Opinion
Ben Pohn and Estelle Pohn v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided October 19, 1962No. 13669PublishedCited by 15 opinions
1Opinion of the Court
KILEY, Circuit Judge.
This is a petition by taxpayers to review a decision of the Tax Court sustaining a deficiency assessment of income taxes for the year 1954 on the ground that taxpayers were not entitled to the tax postponement benefit of § 1033(a) (3) (A) of the Internal Revenue Code of 1954, 26 U.S.C.A. § 1033(a) (3) (A). 1
Taxpayers acquired a leasehold interest in vacant Chicago land in 1933. Lessor built a filling station on the property, 2 and taxpayers sublet the filling station. In 1948, taxpayers exercised their option to purchase the land. The property was condemned by the Chicago…
2Cases cited6 opinions
- Loco Realty Company v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
- Liant Record, Inc., William I. Alpert and Paula G. Alpert, Abraham Alpert and Sarah Alpert, Jack L. Alpert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
- Steuart Brothers, Inc., a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1958
- Thomas McCaffrey Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1960
- Clifton Inv. Co. v. CommissionerUnited States Tax Court · 1961
1 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Lucile McAulay Filippini, as of the Last Will and Testament of Carra McAulay Deceased v. United StatesCourt of Appeals for the Ninth Circuit · 1963
- The Clifton Investment Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
- Johnson v. CommissionerUnited States Tax Court · 1965
- S. E. Ponticos, Inc. v. CommissionerUnited States Tax Court · 1963
- Davis v. United StatesCourt of Appeals for the Ninth Circuit · 1979
10 more not listed; retrieve them via the Exa API.