1. Home
  2. Browse Decisions
  3. F.2d
  4. 400 F.2d
  5. 400 F.2d 862 (1968)
 

C. I. R. v. TRI-S CORPORATION

No. 9839.

400 F.2d 862 (1968)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. TRI-S CORPORATION, Respondent.

United States Court of Appeals Tenth Circuit.

August 22, 1968.

Attorney(s) appearing for the Case

Benjamin M. Parker, Atty., Dept. of Justice (Mitchell Rogovin, Asst. Atty. Gen., Lee A. Jackson, David O. Walter, Albert J. Beveridge, III, Attys., Dept. of Justice, on the brief), for petitioner.

Gene W. Reardon, Denver, Colo. (Julie M. Reardon, Denver, Colo., on the brief), for respondent.

Before MURRAH, Chief Judge, PHILLIPS, and HILL, Circuit Judges.

PHILLIPS, Circuit Judge.

At the times here material, Tri-S Corporation, hereinafter called the taxpayer, was a Colorado corporation. On October 10, 1960, the taxpayer purchased 80 acres of raw and wholly unimproved land for $167,750. On October 6, 1961, it transferred about 20 acres of such land1 to the State of Colorado for $130,000.

In its income tax return for its taxable year, ended October 31, 1961, the taxpayer reported the...

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