PONTCHARTRAIN PARK HOMES, INC. v. COMMISSIONER

Docket No. 94269.

22 T.C.M. 437 (1963)

T.C. Memo. 1963-92

Pontchartrain Park Homes, Inc. v. Commissioner.

United States Tax Court.

Filed March 28, 1963.


Attorney(s) appearing for the Case

Victor A. Sachse, Esq., Fidelity National Bank Bldg., Baton Rouge, La., for the petitioner. Robert S. Leigh, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

WITHEY, Judge:

A deficiency has been determined by respondent in the income tax of petitioner for the taxable year February 1, 1957 to January 31, 1950, in the amount of $41,585.39. The sole issue is whether in a sale of certain real property petitioner realized capital gains or ordinary income.

Findings of Fact

The facts which have been agreed upon are found as stipulated.

Petitioner was...

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