Forest City Chevrolet v. Commissioner
United States Tax Court
Held, petitioner sold only a portion of its property under "threat or imminence" of condemnation, pursuant to sec. 1033, I.R.C. 1954. Other portions of its property were not sold under "threat or imminence" of condemnation.
1Opinion of the Court
FOREST CITY CHEVROLET, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Forest City Chevrolet v. Commissioner
Docket No. 6305-73.
United States Tax Court
T.C. Memo 1977-187; 1977 Tax Ct. Memo LEXIS 254; 36 T.C.M. (CCH) 768; T.C.M. (RIA) 770187;
June 15, 1977, Filed
Held, petitioner sold only a portion of its property under "threat or imminence" of condemnation, pursuant to sec. 1033, I.R.C. 1954. Other portions of its property were not sold under "threat or imminence" of condemnation.
Burton L. Williams, for the petitioner.
Justin S. Holden, for the respondent.
WILES
MEMORANDUM FINDINGS OF…
2Cases cited5 opinions
- Masser v. CommissionerUnited States Tax Court · 1958
- Rainier Cos. v. CommissionerUnited States Tax Court · 1973
- Warner v. CommissionerUnited States Tax Court · 1971
- Smith v. CommissionerUnited States Tax Court · 1971
- Rainier Companies, Inc. v. C. I. RCourt of Appeals for the Ninth Circuit · 1975