JHK Enters. v. Comm'r
United States Tax Court
Held: R's determination that P is not entitled to a deduction for an abandonment loss in tax year ended 1995 is sustained. Held, further, R's determination that P is liable for an addition to tax under sec. 6651(a)(1), I.R.C., for tax year ended 1995 is sustained.
1Opinion of the Court
JHK ENTERPRISES, INC., A CALIFORNIA CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
JHK Enters. v. Comm'r
No. 8511-00
United States Tax Court
T.C. Memo 2003-79; 2003 Tax Ct. Memo LEXIS 79; 85 T.C.M. (CCH) 1032; T.C.M. (RIA) 55087;
March 18, 2003, Filed
Decision was entered for respondent.
Held: R's determination that P is not entitled to a
deduction for an abandonment loss in tax year ended 1995 is
sustained.
Held, further, R's determination that P is liable
for an addition to tax under sec. 6651(a)(1), I.R.C., for tax
year ended 1995 is sustained.
Jack H. Kaufman, for petitioner.
Ch…
2Cases cited6 opinions
- HIGBEE v. COMMISSIONER OF INTERNAL REVENUEUnited States Tax Court · 2001
- United States v. BoyleSupreme Court of the United States · 1985
- Gulf Oil Corporation, in No. 89-2049 v. Commissioner of Internal Revenue. Commissioner of Internal Revenue, in No. 89-2050 v. Gulf Oil CorporationCourt of Appeals for the Third Circuit · 1990
- A. J. Industries, Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1974
- Gulf Oil Corp. v. CommissionerUnited States Tax Court · 1986
1 more not listed; retrieve them via the Exa API.
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- Milton v. Comm'rUnited States Tax Court · 2009