Legal Opinion
City Bank Farmers Trust Co. v. United States
United States Court of Claims
Decided October 5, 1942No. 45470PublishedCited by 10 opinions
1Opinion of the Court
LITTLETON, Judge.
Plaintiffs, as trustees for Virginia H. Berg, contend that the sale by them of their interest in the partnership of E. A. Pierce & Gompany on December 31, 1936, was the sale of a capital asset held by them since the death of their testator, Clarence J. Housman, on November 13, 1932, and for more than two years and not for more than five years under and within the meaning of section 117(a) and (b) of the Revenue Act of 1936 and that, therefore, only 60 percent -of the gain realized upon such sale of their interest in the partnership in December 1936 should have been included…
2Cases cited10 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Lyeth v. HoeySupreme Court of the United States · 1938
- Neuberger v. CommissionerSupreme Court of the United States · 1940
- United States v. BarnesSupreme Court of the United States · 1912
- Helvering v. SmithCourt of Appeals for the Second Circuit · 1937
5 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Commissioner of Internal Revenue v. WhitneyCourt of Appeals for the Second Circuit · 1948
- Thornley v. Commissioners of Internal RevenueCourt of Appeals for the Third Circuit · 1945
- Commissioner of Internal Revenue v. SmithCourt of Appeals for the Fifth Circuit · 1949
- Commissioner of Internal Revenue v. LehmanCourt of Appeals for the Second Circuit · 1948
- Willett v. CommissionerCourt of Appeals for the Sixth Circuit · 1960
5 more not listed; retrieve them via the Exa API.