Legal Opinion
In Re Goodman's Estate. Goodman v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided November 26, 1952No. 10790_1PublishedCited by 14 opinions
1Opinion of the Court
STALEY, Circuit Judge.
Petitioner, the executor of the estate of the deceased taxpayer, seeks to take advantage of the provisions of Section 112(f) of the Internal Revenue Code. 1 That section provides, so far as is relevant here, tha-t no gain shall be recognized if property, as a result of an exercise of the power of condemnation, is involuntarily converted into money which is forthwith in good faith, under the Commissioner’s regulations, expended in the acquisition of similar property. The Commissioner’s ruling, sustained by the Tax Court, 2 was that the reinvestment requirements of the…
2Cases cited5 opinions
- Haberland v. CommissionerUnited States Board of Tax Appeals · 1932
- Herder v. HelveringCourt of Appeals for the D.C. Circuit · 1939
- Buckhardt v. CommissionerUnited States Board of Tax Appeals · 1935
- Goodman v. CommissionerUnited States Tax Court · 1951
- Herder v. CommissionerUnited States Board of Tax Appeals · 1937
3Cited by14 opinions
- Estate of Jayne v. CommissionerUnited States Tax Court · 1974
- Demirjian v. CommissionerCourt of Appeals for the Third Circuit · 1972
- Estate of Morris v. CommissionerUnited States Tax Court · 1971
- Estate of John E. Morris, Deceased. John M. Morris v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1972
- Mihran Demirjian and Mabel Demirjian v. Commissioner of Internal Revenue. Estate of Anne Demirjian, Deceased, Frank Demirjian, and Frank Demirjian, Surviving Spouse v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1972
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