Add to ORKGPetitioner, a motion picture exhibitor, sued certain motion picture distributors under the private remedy provisions of the federal antitrust acts. Judgment was had against the distributors for treble damages. Upon failure of petitioner to report as income the amount recovered above its actual loss of profits, the Commissioner determined deficiencies in petitioner\u27s income tax. Held, the amount recovered above actual loss of profits was exemplary damages and not taxable income. William Goldman Theatres, Inc., 19 T.C. 637 (1953)
Petitioner\u27s land was condemned by the city of New York and as compensation he was awarded a cert...
Taxpayer was agent for eleven life insurance companies. From two of them he purchased policies on th...
The taxpayer purchased A Company stock from X for $100,000 and later sold it for $7,500, deducting t...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
X contracted with a corporation controlled by him for the manufacture of machines on which he held p...
Taxpayer had the exclusive right for a period of ten years to purchase all the coal mined by the ope...
Petitioners, from 1937 to 1940, received distributions from the liquidation of a corporation of whic...
An automobile agency, as a means of publicizing its new models, advertised that it would give a new ...
Taxpayer, a nonresident alien author not engaged in trade or business within the United States, deli...
In the tax year in question, the taxpayer embezzled funds that came into his hands in his capacity a...
Plaintiff, a New York corporation, brought a bill to enjoin the Attorney-General of New York and oth...
Taxpayer, a corporate shareholder, received from the corporation a distribution of property which ha...
A corporation charged off notes as worthless prior to 1942. Anticipating future collections on the n...
P won $25,000 for the best symphony entered in a contest sponsored by a philanthropist. P composed h...
The owners of the entire capital stock of a newspaper business received an offer of $1,000,000 for t...
Petitioner\u27s land was condemned by the city of New York and as compensation he was awarded a cert...
Taxpayer was agent for eleven life insurance companies. From two of them he purchased policies on th...
The taxpayer purchased A Company stock from X for $100,000 and later sold it for $7,500, deducting t...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
X contracted with a corporation controlled by him for the manufacture of machines on which he held p...
Taxpayer had the exclusive right for a period of ten years to purchase all the coal mined by the ope...
Petitioners, from 1937 to 1940, received distributions from the liquidation of a corporation of whic...
An automobile agency, as a means of publicizing its new models, advertised that it would give a new ...
Taxpayer, a nonresident alien author not engaged in trade or business within the United States, deli...
In the tax year in question, the taxpayer embezzled funds that came into his hands in his capacity a...
Plaintiff, a New York corporation, brought a bill to enjoin the Attorney-General of New York and oth...
Taxpayer, a corporate shareholder, received from the corporation a distribution of property which ha...
A corporation charged off notes as worthless prior to 1942. Anticipating future collections on the n...
P won $25,000 for the best symphony entered in a contest sponsored by a philanthropist. P composed h...
The owners of the entire capital stock of a newspaper business received an offer of $1,000,000 for t...
Petitioner\u27s land was condemned by the city of New York and as compensation he was awarded a cert...
Taxpayer was agent for eleven life insurance companies. From two of them he purchased policies on th...
The taxpayer purchased A Company stock from X for $100,000 and later sold it for $7,500, deducting t...