Vukasovich, Inc. v. Commissioner of Internal Revenue, Vukasovich, Inc. v. Commissioner of Internal Revenue

How courts have described this case

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

• explaining that Congress intended to “to tax all gains except those specifically exempted” (citation and internal quotation marks omitted)
• suggesting that courts may give special deference to tax courts on questions involving their expertise
• discussing at length apparent conflicts in the decisions of this circuit
• “We have no doubt that an increase in wealth from the cancellation of indebtedness is taxable where the taxpayer received something of value in exchange for the indebtedness.”

Source: CourtListener parenthetical corpus (CC0).