Legal Opinion
Wala Garage, Inc. v. United States
United States Court of Claims
Decided August 27, 1958No. 325-56PublishedCited by 1 opinion
1Opinion of the Court
LITTLETON, Judge.
This is a suit to recover taxes paid to the United States. The single question concerns the amount of gain which the taxpayer is required to recognize upon involuntary conversion of his business property under section 112(f) of the Internal Revenue Code of 1939, 26 U.S. C.A. § 112(f). 1
The facts have been stipulated. Plaintiff, a New York corporation, from the date of its organization in 1943, was principally engaged in the operation of a garage in New York City. Plaintiff acquired its garage property (the property with which the present controversy is concerned) in 1944. The…
2Cases cited5 opinions
- Crane v. CommissionerSupreme Court of the United States · 1947
- Massillon-Cleveland-Akron Sign Co. v. CommissionerUnited States Tax Court · 1950
- Commissioner of Internal Revenue v. Fortee Properties, Inc.Court of Appeals for the Second Circuit · 1954
- Washington R. & E. Co. v. CommissionerUnited States Board of Tax Appeals · 1939
- Babcock v. CommissionerUnited States Tax Court · 1957
3Cited by1 opinion
- McKitrick v. United StatesDistrict Court, S.D. Ohio · 1974