American Law Reports Annotated, Volume 173Lawyers Co-operative Publishing Company, 1948 - Law reports, digests, etc |
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Page 553
... received in settlement of litigation based on loss of profits . 1. A sum received in settlement of litigation based upon a loss of profits from business is taxable income . [ See annotation on this question beginning on page 558 ...
... received in settlement of litigation based on loss of profits . 1. A sum received in settlement of litigation based upon a loss of profits from business is taxable income . [ See annotation on this question beginning on page 558 ...
Page 559
... received by the taxpayer was not capital , as it stated that what was received was in the nature of a windfall , and was a pen- alty imposed on a faithless fiduciary , given to the taxpayer , not on its own account , but in the public ...
... received by the taxpayer was not capital , as it stated that what was received was in the nature of a windfall , and was a pen- alty imposed on a faithless fiduciary , given to the taxpayer , not on its own account , but in the public ...
Page 562
the amount received did not arise from the disposition of a capital asset . Money received as compromise and settlement of litigation for breach of a contract to supply material and for violation of the state anti - trust law was held ...
the amount received did not arise from the disposition of a capital asset . Money received as compromise and settlement of litigation for breach of a contract to supply material and for violation of the state anti - trust law was held ...
Contents
Interest of stockholders where there is exemption or commuta | 106 |
108 | 201 |
119 | 219 |
Copyright | |
3 other sections not shown
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affd affg affirmed agreement alleged amendment annotation App Div appeared applied asserted assessment attorney Bank bonds capital stock cause of action charter claim constitute a contract construction contract clause contract of tax corporation County court held defendant demurrer effect emption erty evidence ex rel exemption contract exemption from taxation fact Federal fendant firm name franchise fraud fraudulent concealment granted Headnote holding impaired income infra judgment jury L ed laches land later legislative legislature Mass ment Minn municipal NE2d NJ Eq NYS2d Ohio old firm owner parties partner partnership person plaintiff pleaded privileges provision purchaser purposes question rail repeal res ipsa loquitur revg rule SE2d sion specified St Rep statute of frauds statute of limitations street supra Supreme Court SW2d tained tax exemption Tenn timber tion tract trust York ex rel