LANDERMAN v. C. I. R.

No. 18905.

454 F.2d 338 (1971)

Herman LANDERMAN et al., Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

December 29, 1971.


Attorney(s) appearing for the Case

Karl Schelly, Chicago, Ill., for petitioners-appellants.

Johnnie M. Walters, Asst. Atty. Gen., Tax Div., Gary R. Allen, Meyer Rothwacks, Leonard J. Henzke, Jr., Attys., Tax Div., Dept. of Justice, Washington, D. C., for respondent-appellee.

Before KILEY and FAIRCHILD, Circuit Judges, and CAMPBELL, Senior District Judge.


CAMPBELL, Senior District Judge.

The only issue presented herein is whether the petitioners, who are the sole partners in the Hill And Eighth Streets Building Partnership, are entitled to a loss deduction pursuant to § 165(a)1 of the Internal Revenue Code by virtue of the demolition by a lessee of a building (including the disposal of its contents) owned by the partnership.

The principal...

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