Legal Opinion
Seaside Improvement Co. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 17, 1939No. Nos. 238-243PublishedCited by 23 opinions
1Opinion of the Court
SWAN, Circuit Judge.
This appeal involves the income tax liability of each of the six petitioners for the year 1931. Each of them owned waterfront property in the Seaside section of Roc'kaway Beach, part of which the City of New York took by condemnation in July 1925 for a public beach and board walk. The condemnation awards, however, were not paid to the petitioners until 1931.1 Upon audit of their respective tax returns for that year, the commissioner determined that certain profits were realized as a result of the condemnation awards received by them, and assessed deficiencies. Upon appeal…
2Cases cited15 opinions
- Seaboard Air Line Railway Co. v. United StatesSupreme Court of the United States · 1923
- Shoshone Tribe of Indians v. United StatesSupreme Court of the United States · 1937
- Phelps v. United StatesSupreme Court of the United States · 1927
- Heiman v. BishopNew York Court of Appeals · 1936
- United States Trust Co. of New York v. AndersonCourt of Appeals for the Second Circuit · 1933
10 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Halle v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1949
- Kieselbach v. CommissionerSupreme Court of the United States · 1943
- Muriel Heim v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1958
- Samuel Towers v. Commissioner of Internal Revenue, and Three Related CasesCourt of Appeals for the Second Circuit · 1957
- Commissioner of Internal Rev. v. Appleby's EstateCourt of Appeals for the Second Circuit · 1941
18 more not listed; retrieve them via the Exa API.