1. Home
  2. Browse Decisions
  3. T.C.
  4. 14 T.C.
  5. 14 T.C. 1375 (1950)
 

MERCHANTS NATIONAL BANK OF MOBILE v. COMMISSIONER

Docket No. 20461.

14 T.C. 1375 (1950)

THE MERCHANTS NATIONAL BANK OF MOBILE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated June 30, 1950.

Attorney(s) appearing for the Case

Scott P. Crampton, Esq., for the petitioner.

Homer F. Benson, Esq., for the respondent.

This proceeding involves deficiencies in income taxes for the years 1942, 1943, 1944, and 1945 in the amounts of $55.86, $2,124.73, $2,677.95, and $2,340.06, respectively. The issues raised by the pleadings, and not abandoned or settled by stipulation, are whether a loss sustained on stock in 1943 is deductible as an ordinary loss or as a capital loss, and whether gain realized in the disposition of certain notes in 1944 is taxable...

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