1. Home
  2. Browse Decisions
  3. T.C.
  4. 61 T.C.
  5. 61 T.C. 723 (1974)
 

SIRBO HOLDINGS, INC. v. COMMISSIONER

Docket No. 515-69.

61 T.C. 723 (1974)

SIRBO HOLDINGS, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 13, 1974.

Attorney(s) appearing for the Case

Lester H. Salter, for the petitioner.

Marwin A. Batt and Marion L. Weston, for the respondent.

SUPPLEMENTAL OPINION

QUEALY, Judge:

In our opinion entered January 27, 1972 (57 T.C. 530), on the basis of the facts in this case we held that the sum of $125,000 received by the petitioner in consideration for the "updating" of the restoration clause in a lease did not constitute an amount realized either from the sale or exchange of property or from the compulsory or involuntary conversion of property within the meaning...

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