DAVIS v. UNITED STATES

No. 13394.

255 F.2d 48 (1958)

Paul M. DAVIS and Augusta S. Davis, Appellants, v. UNITED STATES of America, Appellee.

United States Court of Appeals Sixth Circuit.

May 12, 1958.


Attorney(s) appearing for the Case

William Waller, Nashville, Tenn. (Waller, Davis & Lansden, Nashville, Tenn., on the brief), for appellants.

Myron C. Baum, Washington, D. C. (Charles K. Rice, Lee A. Jackson, Washington, D. C., Fred Elledge, Jr., Nashville, Tenn., on the brief), for appellee.

Before McALLISTER and STEWART, Circuit Judges, and CECIL, District Judge.


STEWART, Circuit Judge.

In 1951 the appellant Paul M. Davis received a cash payment of approximately $12,000 from Continental Bus System, Inc. The question for decision is whether this payment was taxable to the appellants as a long-term capital gain, as they contend, or was ordinary income, as the district court found. The answer depends upon whether the payment constituted "boot" under Section 112(c) (1) of the Internal...

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