Legal Opinion
Fesler v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 25, 1930No. 4235PublishedCited by 8 opinions
1Opinion of the Court
SPARKS, Circuit Judge.
This is an appeal from the decision of the United States Board of Tax Appeals upon redetermination ordering that there is a deficiency for 1923 of $61,401.86 due from the petitioner.
Douglas F. Fesler, on January 9, 1923, exchanged 4,500 shares of common stock of the Bassiek Manufacturing Company, which cost $52,000, for $50,000 cash, 200 shares of stock of the Central Trust Company of Illinois, and bonds of the par value of $621,500.
The deficiency was determined by respondent upon the basis that the securities received by petitioner had a readily realizable market value…
2Cases cited11 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Nichols v. CoolidgeSupreme Court of the United States · 1927
6 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Commissioner of Internal Revenue v. MooreCourt of Appeals for the Tenth Circuit · 1931
- Heiner v. GwinnerCourt of Appeals for the Third Circuit · 1940
- Trinity Corp. v. Commissioner of Internal Revenue.Court of Appeals for the Fifth Circuit · 1942
- Faris v. HelveringCourt of Appeals for the Ninth Circuit · 1934
- COMMISSIONER OF INTERNAL REVENUE v. GarberCourt of Appeals for the Ninth Circuit · 1931
3 more not listed; retrieve them via the Exa API.