# Adams, Meldrum & Anderson Co. v. Commissioner

> United States Tax Court · March 26, 1953 · 19 T.C. 1130

URL: https://www.frixlaw.com/law-library/cases/4476075

## Case

- **Full name:** Adam, Meldrum & Anderson Co., Inc. v. Commissioner of Internal Revenue
- **Court:** United States Tax Court
- **Decided:** March 26, 1953
- **Citations:** 19 T.C. 1130; 1953 U.S. Tax Ct. LEXIS 211
- **Precedential status:** Published
- **Opinion:** Dissent by Turner
- **Judges:** Arundell
- **Cited by:** 0 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/4476075

## Opinion text

Turner, J., dissenting: In my opinion, the loss to the petitioner of the amount of the assessments on the bank stock owned by it was as much a loss on the stock as was the loss of its original investment and, under the rule laid down by the Supreme Court in Arrowsmith v. Commissioner, 344 U. S. 6 , the loss was a capital loss, deductible as such, and not as an ordinary loss, as this Court holds.
Murdock and Hill, JJ., agree with this dissent.

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4476075. Public record. Not legal advice.