DELSEA DRIVE-IN THEATRES, INC. v. COMMISSIONER

Docket No. 2067-64.

25 T.C.M. 15 (1966)

T.C. Memo. 1966-6

Delsea Drive-In Theatres, Inc. v. Commissioner.

United States Tax Court.

Filed January 11, 1966.


Attorney(s) appearing for the Case

Clement J. Clarke, Jr., 2001 Fidelity-Phila. Trust Bldg., Philadelphia, Pa., for the petitioner. Samuel T. Reiner, for the respondent.


Memorandum Findings of Fact and Opinion

ATKINS, Judge:

The respondent determined deficiencies in income tax for the taxable years ended April 30, 1959, April 30, 1960, and April 30, 1961, in the respective amounts of $4,565.65, $2,144.84, and $6,490.08.

The issue is whether, in connection with the purchase of a one-half interest in a corporation, the petitioner paid any amount for a covenant not to compete, entitling it to the deduction of a ratable...

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