Legal Opinion
Building Syndicate Co. v. United States
Court of Appeals for the Ninth Circuit
Decided July 31, 1961No. 17037_1PublishedCited by 4 opinions
1Opinion of the Court
ORR, Circuit Judge.
Appellant seeks to recover federal income taxes paid for the calendar year 1953 in the amount of $23,669.38, on the ground that it should be allowed additional depreciation deductions on certain real estate that it owns.
In 1927 the Northwestern Bank Building in Portland, Oregon, was owned by the Northwestern National Bank of Portland (hereafter “Northwestern”). During the year 1927, Northwestern offered this building for sale through one George N. Block, a real estate broker. Block paid Northwestern $10,000 for an option to purchase said property for $2,-202,133.07. Block…
2Cases cited4 opinions
- Stone v. WhiteSupreme Court of the United States · 1937
- R. H. Stearns Co. v. United StatesSupreme Court of the United States · 1934
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Tozzi v. Lincoln Nat. Life Ins.Court of Appeals for the Ninth Circuit · 1939
3Cited by4 opinions
- Frank Erickson and Amelia Erickson v. The United StatesUnited States Court of Claims · 1962
- Estate of Hilda Ashman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 2000
- Brown v. United StatesDistrict Court, D. Oregon · 1968
- Glazer Steel Corporation v. The United StatesUnited States Court of Claims · 1967