Legal Opinion
Arthur C. Ansley v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided November 22, 1954No. 11318PublishedCited by 17 opinions
1Opinion of the Court
STALEY, Circuit Judge.
The Tax Court held that there were deficits in the income tax of Arthur C. Ansley for the years 1945, 1946, and 1947. 1 The taxpayer contends on this appeal that the Tax Court erred: (1) in treating an approximate $29,000 loss as a “non-business debt” loss rather than a “business” loss or a loss from a “transaction entered into for profit;” 2 (2) in finding that the $29,000 loss was not sustained in 1947; and (3) in holding that the Ansley Radio Corporation stock had not become worthless in 1947.
The following facts were found by the Tax Court:
The taxpayer, Arthur C.…
2Cases cited15 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Chesapeake & Ohio Railway Co. v. MartinSupreme Court of the United States · 1931
- Dalton v. BowersSupreme Court of the United States · 1932
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
10 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- United Aniline Company v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1963
- William K. Carpenter and Frances K. Carpenter v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1963
- Siple v. CommissionerUnited States Tax Court · 1970
- Ruby Smith Stahl v. United StatesCourt of Appeals for the D.C. Circuit · 1970
- William B. Cudlip and Lynwood B. Cudlip v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
12 more not listed; retrieve them via the Exa API.