Legal Opinion
Ullman v. Commissioner
Court of Appeals for the Second Circuit
Decided March 4, 1959No. Nos. 103-106, Docket 25068-25071PublishedCited by 173 opinions
1Opinion of the Court
WATERMAN, Circuit Judge.
Petitioners appeal from a decision of the Tax Court, 29 T.C. 129, upholding a determination by the Commissioner that $350,000 received by petitioners and another in connection with the sale of the capital stock of three linen supply corporations was received by them in consideration for their covenants not to compete with the purchasers, and hence was taxable as ordinary income. The facts are fully set forth in the Tax Court’s opinion, and we state only those we deem necessary for the purpose of disposing of the questions presented to us.
Petitioners David Ullman and…
2Cases cited6 opinions
- Hamlin's Trust v. Commissioner of Internal Revenue. Nowel's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
- Commissioner of Internal Revenue v. Gazette Tel. Co.Court of Appeals for the Tenth Circuit · 1954
- Wilson Athletic Goods Mfg. Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1955
- BEALS'ESTATE v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1936
- Cox v. HelveringDistrict Court, District of Columbia · 1934
1 more not listed; retrieve them via the Exa API.
3Cited by173 opinions
- Commissioner v. DanielsonCourt of Appeals for the Third Circuit · 1967
- Danielson v. CommissionerUnited States Tax Court · 1965
- Pritchett v. CommissionerUnited States Tax Court · 1974
- Schulz v. CommissionerCourt of Appeals for the Ninth Circuit · 1961
- Schmitz v. CommissionerUnited States Tax Court · 1968
168 more not listed; retrieve them via the Exa API.