1. Home
  2. Browse Decisions
  3. F.2d
  4. 228 F.2d
  5. 228 F.2d 417 (1955)
 

COMMISSIONER OF INTERNAL REVENUE v. AMMANN

No. 15643.

228 F.2d 417 (1955)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Jack Jordan AMMANN and Dorothy Lee Ammann, Respondents.

United States Court of Appeals Fifth Circuit.

Rehearing Denied February 10, 1956.

Attorney(s) appearing for the Case

Grant W. Wiprud, Atty. Dept. of Justice, John Potts Barnes, Chief Counsel Int. Rev. Ser., John M. Morawski, Special Atty., Washington, D. C., H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack, Special Asst. to the Atty. Gen., A. F. Prescott, Washington, D. C., for petitioner.

R. B. Cannon, Fort Worth, Tex., for respondent.

Before TUTTLE, CAMERON and JONES, Circuit Judges.

TUTTLE, Circuit Judge.

This is a petition by the government for a review of a decision of the Tax Court.

The question here presented for our determination is whether a taxpayer who sold Section 117(j)1 assets for a net gain in 1949, and who is thus entitled to capital gains treatment on such gain must offset his share of Section 117(j) net losses, suffered by his partnership, against such individual gain to arrive at the net figure...

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