HEGRA NOTE CORPORATION v. COMMISSIONER

Docket No. 5035-63.

25 T.C.M. 479 (1966)

T.C. Memo. 1966-87

Hegra Note Corporation v. Commissioner.

United States Tax Court.

Filed April 25, 1966.


Attorney(s) appearing for the Case

E. Michael Masinter, First National Bank Bldg., Atlanta, Ga., for the petitioner. Arthur P. Tranakos, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in the income tax of petitioner for the taxable year ended May 31, 1961, in the amount of $80,101.72.

The issue for decision is whether the transfer by petitioner of installment obligations resulted in a capital gain and, if so, the amount thereof.

Findings of Fact

Some of the facts have been stipulated and are found accordingly.

Petitioner...

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