Dobson v. Commissioner
321 U.S. 231 (1944)

Annotate this Case

U.S. Supreme Court

Dobson v. Commissioner, 321 U.S. 231 (1944)

Dobson v. Commissioner of Internal Revenue

No. 44

Decided February 14, 1944*

321 U.S. 231

Syllabus

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.

Rehearing denied.

On petition for rehearing of two of the four cases decided in Dobson v. Commissioner,320 U. S. 489.

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.