WebCommissioner Hort v. Commissioner 313 U.S. 28 (1941) Hort owned an office building that was being leased by Irving Trust. They had a fifteen-year lease, but decided to close that … WebDec 19, 2007 · Commissioner, Commissioner v. P.G. Lake, Inc., Commissioner v. Gillette Motor Transport, Inc., and United States v. Midland-Ross Corp. The taxpayer in Hort, 313 U.S. 28, 29, 61 S.Ct. 757, 757, 85 L.Ed. 1168 (1941), a building owner, received a lump sum in exchange for cancelling a lease on the property. The sum was taxable as ordinary income ...
Hort v. Commissioner
WebIn his 1941 income tax return petitioner made reference to the receipt of this sum, but claimed that it was not taxable as income and did not include it as income in the return. The Commissioner held the net proceeds to constitute taxable income and made the deficiency assessment. The Tax Court sustained the Commissioner's ruling. WebFrank Lyon Company v. United States 640 Hort v. Commissioner 653 Handlery Hotels, Inc. v. United States 656 Jordan Marsh Company v. Commissioner 660 Century Electric Co. v. Commissioner 665 Cassatt v. Commissioner 669 Pembroke v. Helvering 671 Stough v. Commissioner 673 Hopkins Partners v. Commissioner 685 Revenue Ruling 78-72 699 eo \\u0027til
Hort v. Commissioner, 313 U.S. 28 (1941) - Justia Law
WebMessrs. Walter J. Rosston and Edwin Hort, both of New York City, for petitioner. Mr. Richard H. Demuth, of Washington, D.C., for respondent. Mr. Justice MURPHY delivered the … WebDec 19, 2007 · Commissioner, Commissioner v. P.G. Lake, Inc., Commissioner v. Gillette Motor Transport, Inc., and United States v. Midland-Ross Corp. The taxpayer in Hort, 313 U.S. 28, 29, 61 S.Ct. 757, 757, 85 L.Ed. 1168 (1941), a building owner, received a lump sum in exchange for cancelling a lease on the property. The sum was taxable as ordinary income ... WebCommissioner 313 U.S. 28 (1941) Hort owned an office building that was being leased by Irving Trust. They had a fifteen-year lease, but decided to close that office. By mutual agreement, they paid Hort $140k to break the lease. tele ترجمة