Felman v. Commissioner
United States Tax Court
In 1963 petitioner became entitled to, and received, readjustment pay in the amount of $ 12,600 under the provisions of the Act of June 28, 1962, Pub. L. 87-509, 87th Cong., 1st Sess., 76 Stat. 120, 50 U.S.C. sec. 1016. Held, the amount so received was includable in petitioner's gross income under sec. 61 (a), I.R.C. 1954, and was not excludable therefrom under sec. 113, I.R.C. 1954.
1Opinion of the Court
Richard L. Felman, Petitioner v. Commissioner of Internal Revenue, Respondent
Felman v. Commissioner
Docket No. 6107-65
United States Tax Court
49 T.C. 599; 1968 U.S. Tax Ct. LEXIS 165;
March 11, 1968, Filed
Decision will be entered for the respondent.
In 1963 petitioner became entitled to, and received, readjustment pay in the amount of $ 12,600 under the provisions of the Act of June 28, 1962, Pub. L. 87-509, 87th Cong., 1st Sess., 76 Stat. 120, 50 U.S.C. sec. 1016. Held, the amount so received was includable in petitioner's gross income under sec. 61 (a), I.R.C. 1954, and was not excludable…
2Cases cited8 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- General American Investors Co. v. CommissionerSupreme Court of the United States · 1955
- Woolard v. CommissionerUnited States Tax Court · 1966
- Donahoe v. CommissionerUnited States Tax Court · 1954
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