1. Home
  2. Browse Decisions
  3. F.2d
  4. 213 F.2d
  5. 213 F.2d 438 (1954)
 

EWING v. COMMISSIONER OF INTERNAL REVENUE

No. 185, Docket 22934.

213 F.2d 438 (1954)

EWING v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Second Circuit.

Decided May 28, 1954.

Attorney(s) appearing for the Case

Randolph E. Paul, New York City, Adrian W. DeWind and Eugene H. Lattin, New York City, of counsel, for petitioner.

H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack, and Joseph F. Goetten, Sp. Assts. to Atty. Gen., for Commissioner of Internal Revenue, respondent.

Before AUGUSTUS N. HAND, CLARK and MEDINA, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge.

The issue presented to us on appeal is whether certain "losses" suffered by the taxpayer were losses incurred in a "transaction entered into for profit" and therefore deductible under Section 23(e)(2) of the Internal Revenue Code.1 More specifically, the taxpayer seeks to deduct losses incurred from 1941 to 1943 on loans made to the Ballet Theatre, Inc., which became uncollectible.

The Tax Court...

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