Arkansas Best Corp. v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that taxpayer’s motivation in purchasing asset is irrelevant to determina- tion of whether the asset is a capital asset
• “Without any express direction from Congress, we are unwilling to read [a statutory provision] in a manner that makes surplusage of the[] statutory exclusions [to the provision at issue].”
• describing § 1221(a) and its exclusions

Source: CourtListener parenthetical corpus (CC0).