1. Home
  2. Browse Decisions
  3. T.C.
  4. 62 T.C.
  5. 62 T.C. 503 (1974)
 

COMMUNITY BANK v. COMMISSIONER

Docket No. 2617-72.

62 T.C. 503 (1974)

COMMUNITY BANK, A CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed July 9, 1974.

Attorney(s) appearing for the Case

Thomas G. Bost and M. Rogue Hemley, for the petitioner.

Sheldon M. Sisson, for the respondent.

WILES, Judge:

Respondent determined deficiencies in petitioner's income tax for taxable years ending December 31, 1966, and December 31, 1967, in the amounts of $234,007.61 and $527,640.00, respectively. The parties have settled several issues. The remaining issue for decision is whether petitioner realized a gain upon acquisition of real property through foreclosure proceedings. If it is determined that 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