Legal Opinion
Willett v. Commissioner
Court of Appeals for the Sixth Circuit
Decided April 12, 1960No. Nos. 13731-13734PublishedCited by 4 opinions
1Opinion of the Court
CECIL, Circuit Judge.
The principal question involved in this appeal from the Tax Court is whether or not gain resulting from certain transactions is ordinary income to Willett Brokerage Company, a partnership, for the sale of its inventory of whiskey or a capital gain derived from the sale of the common stock of Wildwood Corporation.
The history of the organization of the partnership of Willett Brokerage Company, Wildwood Corporation and the Willett Distillery Company, a Kentucky Corporation are found in the Findings of Fact of the trial judge. T. C. Memo. 1957-189.
The validity of the…
2Cases cited12 opinions
- Securities & Exchange Commission v. Chenery Corp.Supreme Court of the United States · 1943
- Helvering v. GowranSupreme Court of the United States · 1937
- Miles-Conley Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1949
- Commissioner of Internal Revenue v. ShapiroCourt of Appeals for the Sixth Circuit · 1942
- Stilgenbaur v. United StatesCourt of Appeals for the Ninth Circuit · 1940
7 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Owens v. CommissionerUnited States Tax Court · 1975
- In the Matter of Eugene (Dean) W. Plonta, Individually and as Co-Partner, Bankrupt. Sears, Roebuck and Co. v. Wadsworth Bissell, TrusteeCourt of Appeals for the Sixth Circuit · 1962
- Lambert Willett v. Commissioner of Internal Revenue, Mary T. Willett v. Commissioner of Internal Revenue, John L. Willett v. Commissioner of Internal Revenue, Thompson and Virginia S. Willett v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1960
- Owens v. CommissionerUnited States Tax Court · 1975