1. Home
  2. Browse Decisions
  3. F.2d
  4. 211 F.2d
  5. 211 F.2d 915 (1954)
 

COMMISSIONER OF INTERNAL REV. v. FORTEE PROPERTIES

No. 187, Docket 22791.

211 F.2d 915 (1954)

COMMISSIONER OF INTERNAL REVENUE v. FORTEE PROPERTIES, Inc.

United States Court of Appeals, Second Circuit.

Decided April 5, 1954.

Attorney(s) appearing for the Case

H. Brian Holland, Ellis N. Slack and S. Walter Shine, Washington, D. C., for petitioner.

Irwin D. Shapiro, New York City, for respondent.

Before CHASE, Chief Judge, and FRANK and HINCKS, Circuit Judges.

FRANK, Circuit Judge.

The question presented is whether a condemnation award to a mortgagee on a non-assumed mortgage is taxable as a gain to the owner of the properties under the provisions of § 112(f) of the Internal Revenue Code, 26 U.S.C.A. § 112(f). The Tax Court found that the taxpayer's "property was condemned and involuntarily converted into money in the amount of $44,096.67," and accordingly held that no gain to the taxpayer was to

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