1. Home
  2. Browse Decisions
  3. T.C.
  4. 40 T.C.
  5. 40 T.C. 60 (1963)
 

S.E. PONTICOS, INC. v. COMMISSIONER

Docket No. 84692.

40 T.C. 60 (1963)

S. E. PONTICOS, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 18, 1963.

Attorney(s) appearing for the Case

John J. Kelly, Jr., for the petitioner.

Gene E. Hutson, for the respondent.

DAWSON, Judge:

Respondent determined a deficiency in the petitioner's income tax for the calendar year 1956 in the amount of $28,551.49.

The only issue presented is whether the petitioner reinvested the proceeds received by it from the sale of property under threat of condemnation in other property "similar or related in service or use" to the property condemned within the meaning of section 1033 (a) (3) (A) of the Internal Revenue Code of 1954.

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