Legal Opinion
Philip Handelman and Esther Handelman v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided January 27, 1975No. 74--1166PublishedCited by 25 opinions
1Opinion of the Court
OAKES, Circuit Judge:
This is an appeal by the Commissioner of Internal Revenue from an adverse decision of the United States Tax Court, William H. Quealy, Judge, according capital gains treatment to $95,000 received by the taxpayers in connection with the purported sale of stock of Graphic Arts Exhibit Building, Inc. (Graphic Arts), and allowing taxpayers to deduct 60 per cent of their expenses incurred in connection with the maintenance and operation of a 46-foot sailing sloop during the taxable years 1963 to 1965, inclusive, as entertainment expense in connection with taxpayer Philip…
2Cases cited29 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Sanford v. CommissionerUnited States Tax Court · 1968
- William F. Sanford v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- Board of Governors of the Federal Reserve System v. Dimension Financial Corp.Supreme Court of the United States · 1986
- Ashby v. CommissionerUnited States Tax Court · 1968
24 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Cam F. Dowell, Jr., Evelyn Dowell and Hillcrest State Bank, Plaintiffs v. United StatesCourt of Appeals for the Fifth Circuit · 1975
- Derr v. CommissionerUnited States Tax Court · 1981
- Peter Stemkowski v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1982
- Rutz v. CommissionerUnited States Tax Court · 1976
- Berkley MacHine Works & Foundry Company v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1980
20 more not listed; retrieve them via the Exa API.