WebAug 11, 2024 · Commissioner 一 When a taxpayer acquires earnings, lawfully or unlawfully, without the consensual recognition (express or implied) of an obligation to repay and without restriction as to their disposition, they have received income that they are required to return, even though it may still be claimed that they are not entitled to the money and may …
Hort v. Commissioner of Internal Revenue - Wikisource
WebHort v. Commissioner, supra, 313 U.S., at 31, 61 S.Ct., at 758. The $6 earned on a one-year note for $106 issued for $100 is precisely like the $6 earned on a one-year loan of $100 at 6% stated interest. WebSee United States v. Gilmore, 372 U.S. 39, 49 (1963); and Hort v. Commissioner, 313 U.S. 28 (1941). 5 See Raytheon Production Corp. v. Commissioner, 144 F.2d 110, 113 (1st Cir. 1944); and LTR 200108029. or third party content.)RUPRUHTax Notes® Federal FRQWHQW SOHDVHYLVLWZZZ WD[QRWHV FRP blurry disc margins
Hort v. Commissioner
WebOct 2, 2000 · 531 U.S. 206 121 S.Ct. 701 148 L.Ed.2d 613 *NOTICE: This opinion is subject to formal revision before publication in the preliminary print of the United States Reports. Readers are requested to notify the Reporter of Decisions, Supreme Court of the United States, Washington, D. C. 20543, of any typographical or other formal errors, in order that … WebHort v. Commissioner. No. 517. Argued March 7, 1941. Decided March 31, 1941. 313 U.S. 28. CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT Syllabus. 1. An amount received by a lessor in consideration of the cancellation of a lease of real estate is income taxable to him under § 22(a) of the Revenue Act of 1932, and must be ... WebCommissioner Hort v. Commissioner 313 U.S. 28 (1941) Hort owned an office building that was being leased by Irving Trust. They had a fifteen-year lease, but decided to close that … blurry edges