COLONIAL TRUST CO.

v.

FIDELITY TRUST CO., TRUSTEE

Citator

Cited By

• Int'l Trading Co. v. Commissioner OF Internal Revenue, 275 F.2d 578 (7th Cir. 1960)
  …state of Fuller v. Commissioner, 1947, 9 T.C. 1069, 1076, affirmed per curiam 3 Cir., 1948, 171 F. 2d 704, certiorari denied 1949, 336 U.S. 961, 69 S.Ct. 892, 93 L.Ed. 1113; Morton v. Commissioner, 2 Cir., 174 F. 2d 302, 304, certiorari denied 1949, 338 U.S. 828, 70 S.Ct. 77, 94 L.Ed. 503. Whether the Beaver Lake property was “held for the production of income” within the meaning of subsection (l) (2) of § 23, presents a question of greater complexity, the answer to which is more elusive than the answer to…
• Green v. Brown, 398 F.2d 1006 (2d Cir. 1968)
  …ded to the district court in any event. . As a general rule, a majority of stockholders may ratify retroactively acts which they might originally have authorized. See e. g., Boyce v. Chemical Plastics, Inc., 175 F. 2d 839 (8 Cir.), cert. dednied, 338 U.S. 828, 70 S.Ct. 77, 94 L.Ed. 503 (1949).…
• Margit Sigray Bessenyey v. Commissioner OF Internal Revenue, 379 F.2d 252 (2d Cir. 1967)
  …he established rule, approved by this circuit and others, is that deductibility of “business-like” expenses or losses is denied unless the taxpayer can show an intention to seek profit. Morton v. C. I. R., 174 F. 2d 302, 304 (2 Cir.), cert. denied, 338 U.S. 828, 70 S.Ct. 77, 94 L. Ed. 503 (1949); Ewing v. C. I. R., 213 F. 2d 438, 439-340 (2 Cir. 1954); Lamont v. C. I. R., 339 F. 2d 377, 380 (2 Cir. 1964); Schley v. C. I. R., 375 F. 2d 747 (2 Cir. 1967); Szmak v. C. I. R., 376 F. 2d 154 (2 Cir. 1967); D…