Legal Opinion
320 East 47th Street Corp. v. Commissioner
Court of Appeals for the Second Circuit
Decided April 10, 1957No. 194, Docket 24351PublishedCited by 10 opinions
1Opinion of the Court
J. JOSEPH SMITH, District Judge.
Petitioner is a New York corporation whose gtock in 1950 was wholly owned by two individuals. In that year the petitioner reported a gross income of $26,-871.85. $6,000 of this was received as rental income from a corporation whose shareholders were the same individuals as petitioner’s sole shareholders. $20,-728.81 was that part of an award denominated “interest” for the condemnation of petitioner’s property by the City of New York in 1948, paid in 1950. The balance, $143.04, was miscellaneous income. After receipt of the award, taxpayer acquired another piece…
2Cases cited12 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- Helvering v. Stockholms Enskilda BankSupreme Court of the United States · 1934
- Kieselbach v. CommissionerSupreme Court of the United States · 1943
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Wheeler v. CommissionerUnited States Tax Court · 1972
- Hilldun Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- Gillette Motor Transport, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Medical-Surgical Group, Inc. v. CommissionerUnited States Tax Court · 1960
- Gibbs v. CommissionerUnited States Tax Court · 1997
5 more not listed; retrieve them via the Exa API.