LEEDS AND LIPPINCOTT COMPANY, APPELLANT,
v.
UNITED STATES
LEEDS AND LIPPINCOTT COMPANY, APPELLANT,
UNITED STATES
276 F.2d 927
United States Court of Appeals for the Third Circuit (1960)
Cited by 3 cases
Opinion of the Court
PER CURIAM.
Judge Madden in the District Court held that the transfer of properties and lease back arrangement, here involved, between the taxpayer and the insurance company, was in substance a mortgage, not a sale and therefore taxpayer was not entitled to receive credit for a capital loss.
Under the particular facts and the law of the case (see Helvering v. F. & R. Lazarus & Co., 1939, 308 U.S. 252, 60 S.Ct. 209, 84 L.Ed. 226) we must agree.
The judgment of the District Court will be affirmed.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
-
In re Carey v. Gen. Elec. Co., 315 F.2d 499 (2d Cir. 1963)
-
SUN OIL Co. v. Commissioner OF Internal Revenue, 562 F.2d 258 (3d Cir. 1977)
-
Desert Coca Cola Bottling Co. v. Gen. Sales Drivers, 335 F.2d 198 (9th Cir. 1964)
Authorities Cited
- Helvering v. F. & R. Lazarus & Co., 308 U.S. 252 (U.S. 1939)