CENTENNIAL SAVINGS BANK FSB, PLAINTIFF-APPELLANT, CROSS-APPELLEE,
v.
UNITED STATES OF AMERICA, DEFENDANT-APPELLEE, CROSS-APPELLANT
CENTENNIAL SAVINGS BANK FSB, PLAINTIFF-APPELLANT, CROSS-APPELLEE,
UNITED STATES OF AMERICA, DEFENDANT-APPELLEE, CROSS-APPELLANT
933 F.2d 1285
Court of Appeals for the Fifth Circuit (1991)
Positive Treatment
Cited by 4 cases
Opinion of the Court
PER CURIAM:
In United States v. Centennial Savings Bank FSB (Resolution Trust Corp. Receiver), — U.S. -, 111 S.Ct. 1512, 113 L.Ed.2d 608 (1991), the United States Supreme Court affirmed in part and reversed in part our decision in Centennial Savings Bank FSB v. United States, 887 F. 2d 595 (5th Cir.1989). The Court reversed that part of the decision in which we upheld the district court’s determination that the early withdrawal penalties Centennial received from certificates of deposit constituted “income by reason of discharge ... of indebtedness” and therefore were excludable from income under 26 U.S.C. § 108(a)(1).
The Supreme Court held that the penalties were not subject to exclusion from income under § 108 and directed entry of judgment in favor of the United States Government on this issue.
JUDGMENT ACCORDINGLY.
Cases With Similar Vibessemantic neighbors from the corpus
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Devine v. Indian River Cnty. Sch. Bd., 249 F.3d 1289 (11th Cir. 2001)
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Salley v. E.I. DuPONT de Nemours & Co., 966 F.2d 1011 (5th Cir. 1992)
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Resident Council OF Allen Parkway Vill. v. United States Dep't OF Hous. & Urban Dev., 980 F.2d 1043 (5th Cir. 1993)
Previewing 3 of 4 citing cases — full citator treatment, depth of discussion, and citing context are member features.
Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- United States v. Centennial Sav. Bank FSB (resolution Tr. Corporation), 499 U.S. 573 (U.S. 1991)
- Centennial Sav. Bank FSB v. United States, 887 F.2d 595 (5th Cir. 1989)