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