1. Home
  2. Browse Decisions
  3. F.2d
  4. 271 F.2d
  5. 271 F.2d 280 (1959)
 

KEY HOMES, INC. v. COMMISSIONER OF INTERNAL REVENUE

No. 13709.

271 F.2d 280 (1959)

KEY HOMES, INC., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Sixth Circuit.

November 4, 1959.

Attorney(s) appearing for the Case

Morris Berick, Cleveland, Ohio (Halle, Haber, Berick & McNulty, Cleveland, Ohio, on the brief), for petitioner.

Carolyn R. Just, Dept. of Justice, Washington, D. C. (Charles K. Rice, Lee A. Jackson, and Harry Baum, Arch M. Cantrall, Dept. of Justice, Washington, D. C., on the brief), for respondent.

Before McALLISTER, Chief Judge, and MILLER and WEICK, Circuit Judges.

PER CURIAM.

The petitioner, an accrual basis taxpayer, was engaged in the business of constructing and selling houses. During the fiscal year 1953 it sold five houses under a financing arrangement wherein a Savings and Loan Association made first mortgage loans to the purchasers to cover the difference between the purchase price and the cash payment. The petitioner agreed in connection with each mortgage granted by the Savings and Loan Association to deposit a certain...

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