No. 17140.

302 F.2d 682 (1962)

J. G. BOSWELL COMPANY and J. G. Boswell Company (Successor by merger to Tulare Lake Land Company), Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Ninth Circuit.

April 17, 1962.

Attorney(s) appearing for the Case

Melvin D. Wilson and Melvin H. Wilson, Los Angeles, Cal., for petitioner.

Louis F. Oberdorfer, Asst. Atty. Gen., Tax Division; Lee A. Jackson, Loring W. Post, Burt J. Abrams, and Meyer Rothwacks, Attys., Department of Justice, Washington, D. C., for respondent.

Before CHAMBERS, STEPHENS and HAMLIN, Circuit Judges.

STEPHENS, Circuit Judge.

In the spring of 1952, the Tulare Lake Basin was inundated by a snow-melt runoff flood. Petitioner claimed that it had sustained a loss in the amount of $1,695,619.06 by reason of this flood upon its land. In 1956, the Commissioner of Internal Revenue disallowed the loss deduction claimed, and assessed deficiencies accordingly. Petitioner sought relief in the Tax Court, which held that petitioner was not entitled to deduct the alleged loss...

Let's get started


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