Legal Opinion
Majestic Securities Corp. v. Commissioner of Int. Rev.
Court of Appeals for the Eighth Circuit
Decided June 5, 1941No. 11920PublishedCited by 37 opinions
1Opinion of the Court
THOMAS, Circuit Judge.
This case comes before the court upon the petition of a taxpayer to review a decision of the United States Board of Tax Appeals (42 B.T.A. 698) redetermining deficiencies in income taxes of the petitioner for the years 1934 and 1935.
The controversy involves the determination of the proper cost basis in computing income derived from the sale of securities under Section 113(a) of the Revenue Act of 1934, 48 Stat. 680, 706, 26 U.S.C.A. Int. Rev.Acts, page 696, which provides that for determining gain or loss from the sale of property the basis “shall be the cost of such…
2Cases cited21 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. AndersonSupreme Court of the United States · 1926
- Burnet v. HoustonSupreme Court of the United States · 1931
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Wickwire v. ReineckeSupreme Court of the United States · 1927
16 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Bixby v. CommissionerUnited States Tax Court · 1972
- Foster v. Comm'rUnited States Tax Court · 1983
- Aqualane Shores, Inc. v. CommissionerUnited States Tax Court · 1958
- Solitron Devices, Inc. v. CommissionerUnited States Tax Court · 1983
- Investers Diversified Services, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
32 more not listed; retrieve them via the Exa API.