Legal Opinion
Rollingwood Corp. v. Commissioner of Internal Revenue. Bohannon v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 21, 1951No. 12728, 12729PublishedCited by 138 opinions
1Opinion of the Court
BONE, Circuit Judge.
The question to be determined by the petitions for review of a decision of the Tax Court is whether that court erred in determining that the proceeds from the sale of certain houses by the Rollingwood Corporation should be taxed as ordinary income instead of gains from the sale of capital assets. The applicable statutory provision is Section 117(j) of Title 26 U.S.C.A., as added by 'Section 151(b) of the Revenue Act of 1942, which provides in part:
“(j) Gains and losses from involuntary conversion and from the sale or exchange of certain property used in the trade or…
2Cases cited15 opinions
- Board of Governors of the Federal Reserve System v. AgnewSupreme Court of the United States · 1947
- Snell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Pacific Portland Cement Co. v. Food MacHinery & Chemical CorporationCourt of Appeals for the Ninth Circuit · 1950
- Fahs v. CrawfordCourt of Appeals for the Fifth Circuit · 1947
- United States v. Bennett (Two Cases). Finch v. Arnold, Acting Collector of Internal Revenue (Two Cases). Birkbeck v. Thomas. Ritchie v. ThomasCourt of Appeals for the Fifth Circuit · 1951
10 more not listed; retrieve them via the Exa API.
3Cited by138 opinions
- Malat v. RiddellSupreme Court of the United States · 1966
- MAULDIN v. COMMISSIONER OF INTERNAL REVENUE (Two Cases)Court of Appeals for the Tenth Circuit · 1952
- Louis Greenspon v. Commissioner of Internal Revenue, (Three Cases). Anna Greenspon v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
- Walter H. Kaltreider and Irene C. Kaltreider v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Nathan D. Goldberg and S. E. Wood, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
133 more not listed; retrieve them via the Exa API.