Legal Opinion
Lockhart v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided July 18, 1958No. Nos. 12486-12488PublishedCited by 5 opinions
1Opinion of the Court
MARIS, Circuit Judge.
These petitions by Margaret L. Lock-hart and Robert W. Matthies, the executor of the estate of her deceased husband,. Marshall L. Lockhart, to review decisions-of the Tax Court present the question-whether certain sums received by theLockharts in the tax years 1946, 1947, 1948 and 1949 were ordinary income or were gains from the sale of capital assets-within the meaning of section 117 of the-Internal Revenue Act of 1939, 26 U.S. C. § 117. The monies received were ini payment for the assignment of rights in patents for three devices known, respectively, as “Hypospray”, a…
2Cases cited23 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Waterman v. MacKenzieSupreme Court of the United States · 1891
- Myers v. Comm'rUnited States Tax Court · 1946
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3Cited by5 opinions
- E. I. Du Pont De Nemours and Company v. United StatesCourt of Appeals for the Third Circuit · 1970
- First National Trust & Savings Bank of San Diego v. United StatesDistrict Court, S.D. California · 1961
- Finn H. Magnus and Elsie A. Magnus v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Margaret L. Lockhart v. Commissioner of Internal Revenue, Estate of Marshall L. Lockhart, Deceased, Robert W. Matthies v. Commissioner of Internal Revenue, Estate of Marshall L. Lockhart, Deceased, Robert W. Matthies, and Margaret L. Lockhart v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Perkins v. United StatesDistrict Court, D. New Jersey · 1963