Grover v. Commissioner
United States Board of Tax Appeals
An agreement construed to be a contract of sale of land. The vendee had an equitable interest in the land and the contracts of sale arising therefrom, the value of which is to be taken into consideration in determining future gains or losses thereon.
1Opinion of the Court
*511OPINION.
Morris: The solution of the question presented by this appeal depends upon the construction to be placed on the contract entered into on March 10, 1910, by and between the Edgewood Improvement Association and the partnership of Grover and Layman, outlined in *512tbe findings of fact. The taxpayer contends that, regardless of the form of the written instrument, it was intended by the parties thereto to be a contract for the sale by the Association to the partnership of the lots therein described, and that the partnership had, on March 1, 1913, an interest in the unsold lots and outstanding…
2Cases cited3 opinions
- O'shea v. New York, C. & St. L. R. Co.Court of Appeals for the Seventh Circuit · 1901
- Sigua Iron Co. v. GreeneCourt of Appeals for the Second Circuit · 1898
- Mitchell v. McShane Lumber Co.Court of Appeals for the Fifth Circuit · 1915
3Cited by4 opinions
- San Joaquin Fruit & Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Grover v. CommissionerUnited States Board of Tax Appeals · 1926
- Macon, D. & S. R. Co. v. CommissionerUnited States Board of Tax Appeals · 1939
- San Joaquin Fruit & Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1933