1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 259 F.Supp.
  5. 259 F.Supp. 345 (1966)
 

LLOYD E. MITCHELL, INCORPORATED v. UNITED STATES

Civ. No. 16558.

259 F.Supp. 345 (1966)

LLOYD E. MITCHELL, INCORPORATED v. UNITED STATES of America.

United States District Court D. Maryland.

October 5, 1966.

Attorney(s) appearing for the Case

Howard H. Conaway, George Gump and Arnold E. Kaufman, Baltimore, Md., for plaintiff.

Moshe Schuldinger, Atty., Dept. of Justice, Washington, D.C. (Mitchell Rogovin, Asst. Atty. Gen., and David A. Wilson, Jr., Atty., Dept. of Justice, Washington, D.C., and Thomas J. Kenney, U. S. Atty., Baltimore, Md., on the brief), for defendant.

THOMSEN, Chief Judge.

In this action for the recovery of income taxes alleged to have been wrongfully assessed, the issue is whether taxpayer's gains from the sale of real estate in 1958 and 1959 should be treated as capital gains or as ordinary income. Taxpayer contends that the several parcels of real estate sold during those years were "capital assets", as defined in sec. 1221, I.R.C. of 1954, 26 U.S.C.A. § 1221, which provides:

"For purposes of this...

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