Legal Opinion
Ovider Realty Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided December 29, 1951No. 6335_1PublishedCited by 5 opinions
1Opinion of the Court
SOPER, Circuit Judge.
This petition for review involves a deficiency in income taxes in the amount of $3,964.02 for the fiscal year ending May 31, 1947, growing out of a gain realized by the taxpayer when its plant was destroyed by fire and the proceeds of insurance policies received in the taxable year exceeded the adjusted cost of the building. The taxpayer claimed that the gain should not be taxed since the insurance money was expended in the acquisition of similar property and therefore the gain should not be recognized by reason of the provisions of Section 112 (f) of the Internal Revenue…
2Cases cited8 opinions
- Massillon-Cleveland-Akron Sign Co. v. CommissionerUnited States Tax Court · 1950
- Winter Realty & Const. Co. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1945
- Vim Securities Corporation v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1942
- Bandes v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1934
- Kennebec Box & Lumber Co. v. CommissionerCourt of Appeals for the First Circuit · 1948
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Babcock v. CommissionerUnited States Tax Court · 1957
- Commissioner of Internal Revenue v. Frank W. BabcockCourt of Appeals for the Ninth Circuit · 1958
- Babcock v. CommissionerUnited States Tax Court · 1957
- Estate of Carl Genenwein, Deceased. Anna M. Genenwein, and Anna M. Genenwein, Individually v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1957
- State Distributors, Inc. v. United StatesDistrict Court, D. New Jersey · 1957