Legal Opinion
Willow Terrace Development Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided June 1, 1965No. 21241PublishedCited by 7 opinions
1Opinion of the Court
GRIFFIN B. BELL, Circuit Judge.
Taxpayers are the Willow Terrace Development Co., Inc., and its wholly-owned subsidiary, Post Oak Manor Building Co., Inc. Both corporations engaged in developing real estate subdivisions in the Houston area, and filed consolidated corporate income tax returns for the tax years here involved, 1955-1958. They petition to review a decision of the Tax Court requiring the Building Company to include in gross income the full amount of “trade-in-allowances” given to purchasers of new homes in return for equities in their old homes. The Commissioner cross-petitions…
2Cases cited9 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Bob Hindes and Wife, Dorothy Lee v. United StatesCourt of Appeals for the Fifth Circuit · 1964
- Willow Terrace Dev. Co. v. CommissionerUnited States Tax Court · 1963
- A. L. Greer and Ruth E. Greer v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1964
- Commissioner of Internal Revenue v. George W. Offutt, Iii, and Jane P. Offutt, and Pimmit Development CorporationCourt of Appeals for the Fourth Circuit · 1964
4 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Bar L Ranch, Inc., and in Intervention-Appellant v. Robert L. Phinney, United States of America, in Intervention-AppelleeCourt of Appeals for the Fifth Circuit · 1970
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Sunbelt Utilities v. Public Utility CommissionTexas Supreme Court · 1979
- United States v. DiehlDistrict Court, S.D. Texas · 1978
2 more not listed; retrieve them via the Exa API.