# International Inv. Corp. v. Commissioner

> United States Tax Court · October 25, 1948 · 11 T.C. 678

URL: https://www.frixlaw.com/law-library/cases/4472970

## Case

- **Full name:** International Investment Corporation v. Commissioner of Internal Revenue
- **Court:** United States Tax Court
- **Decided:** October 25, 1948
- **Citations:** 11 T.C. 678; 1948 U.S. Tax Ct. LEXIS 51
- **Precedential status:** Published
- **Opinion:** Dissent by Murdock
- **Judges:** Kern, Murdock
- **Cited by:** 10 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4472970

## Opinion text

MuRdock, /., dissenting: The interpretation of “property” to include money would allow a tax avoidance where the cash would exceed the cost of the stock. I can not imagine why Congress would want or intend that to occur, although it might have reason not to recognize a loss after operating losses had been deducted on consolidated returns.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4472970. Public record. Not legal advice.