GARY REALTY CORPORATION v. COMMISSIONER

Docket No. 56896.

18 T.C.M. 374 (1959)

T.C. Memo. 1959-76

Gary Realty Corporation v. Commissioner.

United States Tax Court.

Filed April 23, 1959.


Attorney(s) appearing for the Case

Arthur L. Harrow, Esq., for the petitioner. Martin D. Cohen, Esq., and Jules W. Breslow, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent determined a deficiency in income tax for the taxable year 1950 in the amount of $14,093.29. The only issue is whether the sum of $31,975, received by the petitioner in 1950 from the Brooklyn Savings Bank upon the execution of an FHA insured mortgage note, is includible in its entirety in petitioner's income for 1950, or may be amortized...

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