Legal Opinion
Friend v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided August 14, 1952No. 4440PublishedCited by 48 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
The question presented for determination on this petition to- review a decision of the Tax Court is whether certain gain accruing to Charles E. Friend, hereinafter referred to as the taxpayer, during the year 1947 should be taxed as ordinary income or as income derived from the sale of capital assets. In his return for that year, the taxpayer treated the gain as income derived from the disposition of capital assets. The Commissioner of Internal Revenue determined that it was taxable as ordinary in come, and a deficiency in tax followed. The Tax Court sustained the…
2Cases cited10 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
- MAULDIN v. COMMISSIONER OF INTERNAL REVENUE (Two Cases)Court of Appeals for the Tenth Circuit · 1952
- Rollingwood Corp. v. Commissioner of Internal Revenue. Bohannon v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1951
- Snell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
5 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Walter H. Kaltreider and Irene C. Kaltreider v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Dwight A. Ward v. Commissioner of Internal Revenue, Hanna P. Ward v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- Raymond Bauschard v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1960
- Home Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
- R D. And Ida M. Cravens v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1959
43 more not listed; retrieve them via the Exa API.