Legal Opinion
S. E. Ponticos, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided November 25, 1964No. 15543_1PublishedCited by 8 opinions
1Opinion of the Court
HARRY PHILLIPS, Circuit Judge.
The taxpayer is an Ohio corporation engaged solely in the business of investment in real estate. Among its holdings for investment purposes it owned a six story industrial warehouse building in downtown Cincinnati, which was leased to tenants. This property was sold to the City of Cincinnati under threat of condemnation in 1956, resulting in the realization of a capital gain of $122,916.33. The funds received from this sale were reinvested in 1956 and 1957 in the construction of a residential garden-type apartment development in Cincinnati, which the taxpayer has…
2Cases cited4 opinions
- Liant Record, Inc., William I. Alpert and Paula G. Alpert, Abraham Alpert and Sarah Alpert, Jack L. Alpert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
- The Clifton Investment Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
- S. E. Ponticos, Inc. v. CommissionerUnited States Tax Court · 1963
- The Capitol Motor Car Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
3Cited by8 opinions
- Johnson v. CommissionerUnited States Tax Court · 1965
- Davis v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- Davis v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- Maloof v. CommissionerUnited States Tax Court · 1975
- Johnson v. CommissionerUnited States Tax Court · 1965
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