Garrison v. Commissioner

D.C. Circuit

Garrison v. Commissioner

167 F.2d 757, 83 U.S. App. D.C. 396, 36 A.F.T.R. (P-H) 984, 1948 U.S. App. LEXIS 3899

CourtCourt of Appeals for the D.C. Circuit

DecidedApril 23, 1948

DocketNo. 9577

StatusPublished

This text of 167 F.2d 757 (Garrison v. Commissioner) is published on Counsel Stack Legal Research, covering Court of Appeals for the D.C. Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Garrison v. Commissioner, 167 F.2d 757, 83 U.S. App. D.C. 396, 36 A.F.T.R. (P-H) 984, 1948 U.S. App. LEXIS 3899 (D.C. Cir. 1948).

Pincite

Opinion

PER CURIAM.

The Tax Court of the United States found that petitioner’s stock in Independence Indemnity Company, a Pennsylvania corporation dissolved by court decree as insolvent in 1933,, became worthless prior to 1941; with the result that petitioner was not entitled to claim for income tax purposes a loss on a 1941 sale of such stock, for five dollars, which petitioner made at an expense of $52. Petitioner asks us to review this decision and set it aside. We find that the evidence amply supports the decision. In fact we find no evidence that would have supported an opposite decision.

Affirmed.

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PER CURIAM.

The Tax Court of the United States found that petitioner’s stock in Independence Indemnity Company, a Pennsylvania corporation dissolved by court decree as insolvent in 1933,, became worthless prior to 1941; with the result that petitioner was not entitled to claim for income tax purposes a loss on a 1941 sale of such stock, for five dollars, which petitioner made at an expense of $52. Petitioner asks us to review this decision and set it aside. We find that the evidence amply supports the decision. In fact we find no evidence that would have supported an opposite decision.

Affirmed.

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167 F.2d 757, 83 U.S. App. D.C. 396, 36 A.F.T.R. (P-H) 984, 1948 U.S. App. LEXIS 3899, Counsel Stack Legal Research, https://law.counselstack.com/opinion/garrison-v-commissioner-cadc-1948.