1. Home
  2. Browse Decisions
  3. F.2d
  4. 333 F.2d
  5. 333 F.2d 603 (1964)
 

GRANT v. COMMISSIONER OF INTERNAL REVENUE

No. 9344

333 F.2d 603 (1964)

Norman A. GRANT and Genevieve K. Grant, Wallace F. Holladay and Wilhelmina Cole Holladay, Henry J. Kaufman and Irma N. Kaufman, Frank J. Luchs and Elizabeth Luchs, Maurice D. Rosenberg, Jr., and Charlotte R. Rosenberg, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Fourth Circuit.

Decided June 15, 1964.

Attorney(s) appearing for the Case

John P. Lipscomb, Washington, D. C. (George W. Beatty, Philip S. Peyser and William E. Rollow, Washington, D. C., on brief), for petitioners.

Myron C. Baum, Attorney, Department of Justice (Louis F. Oberdorfer, Asst. Atty. Gen., and Lee A. Jackson, Meyer Rothwacks, Michael K. Cavanaugh and Stephen B. Wolfberg, Attorneys, Department of Justice, on brief), for respondent.

Before BRYAN and BELL, Circuit Judges, and BUTZNER, District Judge.

PER CURIAM:

Determination of whether the taxpayer realized ordinary income on capital gains from sales of land and options for land is presented by this petition of review of the decisions of the Tax Court of the United States in these consolidated cases. The Tax Court held that petitioners' gains were from the sale of property held primarily for sale to customers in the ordinary course of petitioners' business and were taxable to them as ordinary income. Our review...

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