Legal Opinion
Keeney v. Commissioner
Court of Appeals for the Second Circuit
Decided December 23, 1940No. 11PublishedCited by 20 opinions
1Opinion of the Court
SWAN, Circuit Judge.
In his income tax return for 1933 the taxpayer claimed a deduction of $100,000 as a loss sustained by reason of his stock in Florida Jockey Club, Inc., becoming worthless in that year. The Commissioner disallowed the loss, and determined a tax deficiency of $10,730.59, which the Board has confirmed. The issue presented by this appeal is whether the Board’s finding that the stock became worthless prior to 1933 is supported by substantial evidence.
Prior to 1928 the petitioner acquired 83 per cent, of the stock of Florida Jockey Club at a cost of approximately $679,000. This…
2Cases cited8 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- De Loss v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1928
- Darling v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1931
- Gowen v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1933
- Squier v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1933
3 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Steadman v. Comm'rUnited States Tax Court · 1968
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- A. S. Genecov and Wife, Hilda Genecov v. United StatesCourt of Appeals for the Fifth Circuit · 1969
- Boehm v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- Belser v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Fourth Circuit · 1949
15 more not listed; retrieve them via the Exa API.