Adjusted Basis - Judgment Search Results

United States Vs. Woods

Court: US Supreme Court

..... an irs regulation provides that when an asset s true value or adjusted basis is zero t he value or adjusted basis claimed is considered to be 400 percent or more of the correct ..... our holding that the valuation misstatement penalty encompasses legal as well as factual misstatements of adjusted basis does not make superfluous the new penalty that congress enacted in 2010 for transactions lacking .....

Mangalya Trading and Investment Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)94TTJ(Mum.)526

..... edn the term adjusted has been defined under the head basis and sub head adjusted basis as follows it is well to consider the word adjusted in the term adjusted basis often after property ..... is acquired certain adjustments increases or decreases .....

Fribourg Navigation Co., Inc. Vs. Commissioner

Court: US Supreme Court

..... been held that depreciation deductions should not be allowed to the extent they reduce the adjusted basis of the property below the actual amount realized this provision in providing for ordinary income ..... been held that depreciation deductions should not be allowed to the extent they reduce the adjusted basis of the property below the actual amount realized this provision in providing for ordinary .....

United States Vs. Hill

Court: US Supreme Court

..... the basic rule gain or loss is determined by subtracting adjusted basis from amount realized section 1011 a defines adjusted basis as basis determined under section 1012 or other 555 parts of the ..... the regulations under 612 second the hills argue that excluding tangible costs from the adjusted basis of their mineral deposit interests would run counter to regulations specifying the inclusion of .....

State Bank of Patiala Vs. Ram Prakash

Court: Supreme Court of India

Reported in: AIR1966SC1665; [1966(12)FLR277]; (1966)ILLJ34SC; [1966]2SCR898

..... new scales of pay from january 1 1962 on stage to stage adjustment basis i e workmen who were drawing basic pay at a particular ..... shallmaximum in the new scale not exceed what point to point adjustment wouldgive him or the maximum inthe scale provided by thesastry award ..... clause i happened to coincide with or was more than the adjusted basic pay under clause ii this interpretation is in accord with .....

Fulman Vs. United States

Court: US Supreme Court

..... d of the internal revenue code of 1939 53 stat 20 congress expressly provided the adjusted basis measure for valuation with respect to the distributing corporation of dividends paid in appreciated property ..... personal holding company device is used by a limited number of sophisticated taxpayers under the adjusted basis rule upheld by this decision many of them will be able to schedule the distribution .....

Hillsboro Nat'l Bank Vs. Commissioner

Court: US Supreme Court

..... thus the fact that the property distributed has appreciated or depreciated in value over its adjusted basis to the distributing corporation will in no way alter the application of subsection a providing ..... their consequent ability to deduct when the feed thereafter was consumed the amount of their adjusted basis in that feed similarly demonstrated the impropriety of the dairy s full cost deduction in .....

Commissioner Vs. Tufts

Court: US Supreme Court

..... tax deductions for their allocable shares of ordinary losses and depreciation the partnership s claimed adjusted basis in the property in 1972 was 1 455 740 because of an unanticipated reduction in ..... in transactions between a partner and his partnership and thus for determining the partner s adjusted basis in his partnership interest under 704 d a partner s distributive share of partnership losses .....

Diedrich Vs. Commissioner

Court: US Supreme Court

..... the disposition of property is the excess of the amount realized over the transferor s adjusted basis in the property footnote 9 iii we recognize that congress has structured gift transactions to ..... transferred for only highly appreciated property will result in a gift tax greater than the adjusted basis footnote 10 petitioners argue that even if this court holds that a donor realizes income .....

Crane Vs. Commissioner

Court: US Supreme Court

..... was entitled to deductions for depreciation on the building and the adjusted basis for determining gain or loss on the sale is to be ..... property as the excess of the amount realized therefrom over the adjusted basis provided in section 113 b it proceeds 111 b to define ..... the property other than money received further in 113 b the adjusted basis for determining the gain or loss from the sale or other .....