Legal Opinion
Commissioner v. Swift
Court of Appeals for the Ninth Circuit
Decided January 5, 1932No. 6581PublishedCited by 2 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
The petitioner seeks to review an order of the Board of Tax Appeals reversing a determination by petitioner of a deficiency income tax for the year ending December 31, 1924. The sole question involved in the controversy is whether or not a sale by respondent of certain oil lands for the sum of $900,-000 was consummated within the meaning of that term as used in the Revenue Act of 1921 (42 Stat. 227) before the 31st day of December, 1921.
A contract for the sale of an undivided three-fourths interest of certain land was entered into on the 4th of March, 1921. This contract…
2Cases cited15 opinions
- Lucas v. North Texas Lumber Co.Supreme Court of the United States · 1930
- Ormsby v. GrahamSupreme Court of Iowa · 1904
- In Re Estate of DwyerCalifornia Supreme Court · 1911
- Retsloff v. SmithCalifornia Court of Appeal · 1926
- Singleton v. CuttinoSupreme Court of South Carolina · 1917
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3Cited by2 opinions
- Alderson v. CommissionerUnited States Tax Court · 1962
- Alderson v. CommissionerUnited States Tax Court · 1962