MILLINERY CENTER BUILDING CORP. v. COMMISSIONER OF INTERNAL REVENUE

No. 255.

350 U.S. 820 (1955)

MILLINERY CENTER BUILDING CORP. v. COMMISSIONER OF INTERNAL REVENUE.

Supreme Court of United States.

October 10, 1955.


Attorney(s) appearing for the Case

Bernard Weiss for petitioner. Solicitor General Sobeloff, Assistant Attorney General Holland, Ellis N. Slack, A.F. Prescott and Louise Foster for respondent.


Petition for writ of certiorari to the United States Court of Appeals for the Second Circuit granted limited to questions 1 and 2 presented by the petition for the writ which read as follows:

"1. Where a lessee, the owner of a valuable building on leased land, acquires the fee to the land to be relieved of what it considers to be the burdensome terms of a lease, may the lessee deduct the excess of the payment over the determined value of the land at the date of purchase...

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