Dobson v. Commissioner - 321 U.S. 231 (1944)
U.S. Supreme Court
Dobson v. Commissioner, 321 U.S. 231 (1944)
Dobson v. Commissioner of Internal Revenue
Decided February 14, 1944
321 U.S. 231
The recoveries here in question were not, as matter of law ,proceeds of the "sale or exchange" of a capital asset, and were properly taxed as ordinary income, rather than as capital gain under § 117 of the Internal Revenue Code. P. 321 U. S. 232.
On petition for rehearing of two of the four cases decided in Dobson v. Commissioner, 320 U. S. 489.