UNITED STATES SUPREME COURT DECISIONS ON-LINE
DOBSON V. COMMISSIONER, 321 U. S. 231 (1944)
321 U. S. 231U.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.