Petersen v. Commissioner
United States Tax Court
In 1944 the Office of Defense Transportation took possession and control of the petitioner's transportation system which it retained until late in 1945. In 1952 the Motor Carrier Claims Commission made an award in favor of the petitioner for just compensation on account of such taking. The award included an amount representing the net rental value of the transportation system and a sum equivalent to interest.
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In 1944 the Office of Defense Transportation took possession and control of the petitioner's transportation system which it retained until late in 1945. In 1952 the Motor Carrier Claims Commission made an award in favor of the petitioner for just compensation on account of such taking. The award included an amount representing the net rental value of the transportation system and a sum equivalent to interest. The Commission determined that the United States was entitled to a credit in the amount of advances made by the United States in connection with the operation of the system, and the…
1Opinion of the Court
Walter Petersen and Elsie C. Petersen, Petitioners, v. Commissioner of Internal Revenue, Respondent
Petersen v. Commissioner
Docket No. 60230
United States Tax Court
38 T.C. 137; 1962 U.S. Tax Ct. LEXIS 148;
April 25, 1962, Filed
Decision will be entered under Rule 50.
In 1944 the Office of Defense Transportation took possession and control of the petitioner's transportation system which it retained until late in 1945. In 1952 the Motor Carrier Claims Commission made an award in favor of the petitioner for just compensation on account of such taking. The award included an amount representing the net…
2Cases cited10 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Commissioner v. Gillette Motor Transport, Inc.Supreme Court of the United States · 1960
- Phelps v. United StatesSupreme Court of the United States · 1927
- Ethel West Cotnam v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Cotnam v. CommissionerUnited States Tax Court · 1957
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