(Download) "Rollingwood Corp. v. Commissioner Internal" by United States Court of Appeals Ninth Circuit. # Book PDF Kindle ePub Free
eBook details
- Title: Rollingwood Corp. v. Commissioner Internal
- Author : United States Court of Appeals Ninth Circuit.
- Release Date : January 21, 1951
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
The question to be determined by the petitions for review of a decision of the Tax Court is whether that court erred in determining that the proceeds from the sale of certain houses by the Rollingwood Corporation should be taxed as ordinary income instead of gains from the sale of capital assets. The applicable statutory provision is Section 117(j) of Title 26 U.S.C.A., as added by Section 151(b) of the Revenue Act of 1942, which provides in part: