Legal Opinion
Chandler v. United States
Court of Appeals for the Seventh Circuit
Decided October 14, 1955No. Nos. 11295-11297PublishedCited by 38 opinions
1Opinion of the Court
FINNEGAN, Circuit Judge.
A clear-cut question is before us, arising from lengthy facts, requiring interpretation and application of former § 117, Internal Revenue Code of 1939.1 We must decide if, during the calendar years 1942 to 1950, taxpayers2 sold *404statutory capital assets. To reach our ultimate disposition of these appeals3 we consider if taxpayer engaged in the real estate business during that period and whether the lands involved constituted property held by taxpayer primarily for sale to customers in the ordinary course of trade or business within the ambit of § 117.
Only a distilled…
2Cases cited3 opinions
- Three States Lumber Co. v. Commissioner of Int. Rev.Court of Appeals for the Seventh Circuit · 1946
- Fritz v. JareckiCourt of Appeals for the Seventh Circuit · 1951
- Chandler v. United StatesDistrict Court, N.D. Illinois · 1954
3Cited by38 opinions
- Louis Greenspon v. Commissioner of Internal Revenue, (Three Cases). Anna Greenspon v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
- Cordovan Associates, Incorporated v. Dayton Rubber CompanyCourt of Appeals for the Sixth Circuit · 1961
- K & M Joint Venture v. Smith International, Inc.Court of Appeals for the Sixth Circuit · 1982
- Curtis Company (Formerly Curtis Engineering Company) v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1956
- Consolidated Naval Stores Company v. John L. Fahs, Collector of Internal Revenue in the State of FloridaCourt of Appeals for the Fifth Circuit · 1955
33 more not listed; retrieve them via the Exa API.