BROOKLYN TRUST CO., TRUSTEE

v.

COMMISSIONER OF INTERNAL REVENUE

Citator

Cited By

• Shakertown Corp. v. Commissioner OF Internal Revenue, 277 F.2d 625 (6th Cir. 1960)
  …he property destroyed, the proceeds are to be treated as taxable income. Since such proceeds are received in lieu of profits which are taxable, the proceeds also should be taxable. Miller v. Hocking Glass Co., 6 Cir., 80 F. 2d 436, certiorari denied 298 U.S. 659, 56 S.Ct. 681, 80 L.Ed. 1384; Marcal Pulp & Paper, Inc. v. Commissioner, 30 T.C. 1345, 1350, affirmed, 3 Cir., 268 F. 2d 739, certiorari denied, 361 U.S. 924, 80 S.Ct. 294, 4 L.Ed.2d 240; Massillon-Cleveland-Akron Sign Co. v. Commissioner, 15 T.C. 7…
• Md. Shipbuilding & Drydock Co. v. The United States, 409 F.2d 1363 (Ct. Cl. 1969)
  …at the taxable status of such monies to the recipient is identical to that of the profits that they are intended to replace is long-established and generally unquestioned. Miller v. Hocking Glass Co., 80 F. 2d 436, 437 (6th Cir. 1935), cert. denied, 298 U.S. 659, 56 S.Ct. 681, 80 L.Ed. 1384 (1936); Marcal Pulp & Paper, Inc. v. Commissioner of Internal Revenue, 30 T.C. 1345, 1350 (1958), aff’d per curiam, 268 F. 2d 739 (3d Cir. 1959), cert. denied, 361 U.S. 924, 80 S.Ct. 294, 4 L.Ed.2d 240 (1959); Oppenheim’…