1. Home
  2. Browse Decisions
  3. F.2d
  4. 23 F.2d
  5. 23 F.2d 941 (1928)
 

BANKERS' TRUST CO. v. BOWERS

23 F.2d 941 (1928)

BANKERS' TRUST CO. v. BOWERS, Collector of Internal Revenue.

District Court, S. D. New York.

January 30, 1928.

Attorney(s) appearing for the Case

White & Case, of New York City (Joseph M. Hartfield, Russell D. Morrill, and William T. Morson, all of New York City, of counsel), for plaintiff.

Charles H. Tuttle, U. S. Atty., of New York City (Samuel C. Coleman, Asst. U. S. Atty., of New York City, of counsel), for defendant.

THACHER, District Judge (after stating the facts as above).

The sole question is whether profits upon the sale of property, acquired by a decedent during his lifetime and sold by his estate, after his death, are to be calculated for income tax purposes upon the value of the property as of the time of death, or upon its cost to the decedent during his life.

By section 219 (a) of the Revenue Act of 1926 (26 USCA § 960, subd. [a]) the income tax imposed...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases