Opinion

Ashby v. Commissioner

37 T.C. 92
1961 U.S. Tax Ct. LEXIS 49

Court: United States Tax Court
Filed: Oct 26, 1961
Status: Published
Author: Tietjens
On the bench: Tietjens,Withey,Fisher,Drennen
Cited by: 7 cases
Authority: More cited than 10.3%

The opinion

Tietjens, J., concurring: In my opinion, the redemption of the certificates of purchase by the property owners was not a sale or exchange of such certificates and the gains realized by petitioner on his transactions constituted ordinary income. See Kanawha Valley Bank, 4 T. C. 252 .

Withet, FisheR, Mulronet, and Drennen, JJ., agree with this concurring opinion.

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