Legal Opinion
Major Realty Corporation and Subsidiaries v. Commissioner of Internal Revenue
Court of Appeals for the Eleventh Circuit
Decided January 8, 1985No. 83-3546PublishedCited by 25 opinions
1Opinion of the Court
MacMAHON, District Judge:
Major Realty Corporation and its subsidiaries (“Major”) appeal from a judgment of the United States Tax Court, Leo H. Irwin, Judge, entered on February 24, 1983, determining a deficiency of $1,198,970 on Major’s reported income tax for fiscal year ended May 31, 1972. Affirmed in part and reversed in part.
FACTS
Major was incorporated in 1959 for the purpose of acquiring, developing, holding, and selling real estate. In 1967, anticipating the impact of Disney World, it devised a master plan for the development of a 2,500-acre tract which it owned near Orlando, Florida,…
2Cases cited21 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Lyeth v. HoeySupreme Court of the United States · 1938
- Malat v. RiddellSupreme Court of the United States · 1966
- Lucas v. North Texas Lumber Co.Supreme Court of the United States · 1930
- United States v. Ada Belle Winthrop, Individually and as Under the Will of Guy L. Winthrop, DeceasedCourt of Appeals for the Fifth Circuit · 1969
16 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Lloyd E. Williams, Jr. And Mildred A. Williams v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1993
- Keith v. CommissionerUnited States Tax Court · 2000
- Cottle v. CommissionerUnited States Tax Court · 1987
- Guardian Indus. Corp. v. CommissionerUnited States Tax Court · 1991
- G.I.C. Corporation, Inc. v. United StatesCourt of Appeals for the Eleventh Circuit · 1997
20 more not listed; retrieve them via the Exa API.