Legal Opinion
Billy Rose's Diamond Horseshoe, Inc. (In Dissolution) v. United States
Court of Appeals for the Second Circuit
Decided September 3, 1971No. 917, Docket 71-1172PublishedCited by 11 opinions
1Opinion of the Court
HAYS, Circuit Judge:
This is an appeal from a judgment entered in the United States District Court for the Southern District of New York holding that taxpayer appellant is not entitled to use the installment method of § 453(a) (1), (b) (1) of the Internal Revenue Code of 1954 in reporting certain payments received from a lessee for a release from an obligation to restore the leased premises. We affirm the judgment of the district court, 322 F. Supp. 76.
The facts are undisputed. In 1955 the taxpayer leased the Ziegfeld Theatre building, its furniture and equipment to the National Broadcasting…
2Cases cited5 opinions
- Commissioner of Internal Revenue v. José FerrerCourt of Appeals for the Second Circuit · 1962
- Commissioner of Internal Revenue v. Starr Bros., IncCourt of Appeals for the Second Circuit · 1953
- General Artists Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1953
- Commissioner of Internal Revenue v. The Pittston CompanyCourt of Appeals for the Second Circuit · 1958
- Billy Rose's Diamond Horseshoe, Inc. v. United StatesDistrict Court, S.D. New York · 1971
3Cited by11 opinions
- National-Standard Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1984
- Sirbo Holdings, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1973
- Sirbo Holdings, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1975
- Sirbo Holdings, Inc. v. CommissionerUnited States Tax Court · 1972
- Jonathan P. Wolff and Margaret A. Wolff v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1998
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