Legal Opinion
Beauchamp & Brown Groves Co. v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided January 19, 1967No. 20423_1PublishedCited by 8 opinions
1Opinion of the Court
BARNES, Circuit Judge:
This is a taxpayer’s petition to review a decision of the Tax Court of the United States. (44 T.C. 117.) The Tax Court had jurisdiction under 26 U.S.C. § 7442. Our jurisdiction rests on 26 U.S.C. § 7482.
Petitioner is a dissolved corporation which formerly operated an orange grove. For its fiscal years 1958 and 1959 it had taxable income and paid the proper amounts of tax thereon.
During its fiscal year 1960 the petitioner adopted a plan of dissolution and sold its orange grove at a substantial gain. Under the provisions of section 337 1 the gain was properly not…
2Cases cited3 opinions
- Watson v. CommissionerSupreme Court of the United States · 1953
- Commissioner of Internal Revenue v. South Lake Farms, Inc., Commissioner of Internal Revenue v. South Lake FarmsCourt of Appeals for the Ninth Circuit · 1963
- Beauchamp & Brown Groves Co. v. CommissionerUnited States Tax Court · 1965
3Cited by8 opinions
- Vern Realty, Inc. v. CommissionerUnited States Tax Court · 1972
- Teget v. United StatesDistrict Court, D. South Dakota · 1976
- Anchorage Nursing Home, Inc. v. CommissionerUnited States Tax Court · 1974
- Casa Loma, Inc. v. CommissionerUnited States Tax Court · 1980
- Dispoto v. CommissionerUnited States Tax Court · 1990
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