Fifteen Hundred Walnut Street Corp. v. Commissioner
United States Tax Court
Petitioner held to have realized rental income during 1948, 1949, and 1950 when it furnished occupancy to a sublessee pursuant to a previous agreement with its lessee, rather than in 1943 when petitioner executed and delivered a nonnegotiable instrument to its lessee and the lessee, in turn, satisfied a judgment outstanding against petitioner.
1Opinion of the Court
Fifteen Hundred Walnut Street Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Fifteen Hundred Walnut Street Corp. v. Commissioner
Docket No. 48026
United States Tax Court
25 T.C. 61; 1955 U.S. Tax Ct. LEXIS 72;
October 21, 1955, Filed
Decision will be entered under Rule 50.
Petitioner held to have realized rental income during 1948, 1949, and 1950 when it furnished occupancy to a sublessee pursuant to a previous agreement with its lessee, rather than in 1943 when petitioner executed and delivered a nonnegotiable instrument to its lessee and the lessee, in turn, satisfied a…
2Cases cited1 opinion
- Fifteen Hundred Walnut Street Corp. v. CommissionerUnited States Tax Court · 1955