# Ashby v. Commissioner

> United States Tax Court · October 26, 1961 · 37 T.C. 92

URL: https://www.frixlaw.com/law-library/cases/4479331

## Case

- **Full name:** Paul K. Ashby and Gretchen G. Ashby v. Commissioner of Internal Revenue
- **Court:** United States Tax Court
- **Decided:** October 26, 1961
- **Citations:** 37 T.C. 92; 1961 U.S. Tax Ct. LEXIS 49
- **Precedential status:** Published
- **Opinion:** Concurrence by Tietjens
- **Judges:** Tietjens,Withey,Fisher,Drennen
- **Cited by:** 7 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/4479331

## Opinion text

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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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4479331. Public record. Not legal advice.