Legal Opinion
Mather & Co. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided January 3, 1949No. 9432PublishedCited by 15 opinions
1Opinion of the Court
O’CONNELL, Circuit Judge.
The instant appeal raises the question of the propriety of a deduction for losses claimed by petitioner to have been incurred in the separate sales of two pieces of realty. We agree with the conclusion of the Tax Court that, under the applicable statutory provisions, the basis of petitioner, in computing its gain or loss on the sales, was “the same as that of the property in the hands of” the transferor to petitioner.
Charles Mather founded in 1887. an insurance firm. As of October 29, 1926, there were four partners: Charles and three children named Victor, Gilbert,…
2Cases cited7 opinions
- United States v. HendlerSupreme Court of the United States · 1938
- Halliburton v. CommissionerCourt of Appeals for the Ninth Circuit · 1935
- Budd International Corp. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1944
- Hartford-Empire Co. v. Com'r of Internal RevenueCourt of Appeals for the Second Circuit · 1943
- Labrot v. BurnetCourt of Appeals for the D.C. Circuit · 1932
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Van Vlaanderen v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1949
- Uinta Livestock Corporation, a Wyoming Corporation v. United StatesCourt of Appeals for the Tenth Circuit · 1966
- Hempt Bros., Inc. v. United StatesDistrict Court, M.D. Pennsylvania · 1973
- Holstein v. CommissionerUnited States Tax Court · 1955
- Kamborian v. CommissionerUnited States Tax Court · 1971
10 more not listed; retrieve them via the Exa API.