Court Opinion

ID: 9842894
Source: CourtListenerOpinion
Date Created: 2023-09-24 02:20:59.591619+00
Date Added: 2024-06-11T09:14:13.025166
License: Public Domain

BELL, Circuit Judge
(concurring in part and dissenting in part):
I concur in the opinion of the majority save as to disposition. I respectfully dis*512sent from that portion of the opinion which directs that judgment be entered for the government.
The government conceded on argument that no tax would be due if the taxpayers had used the timber lease as collateral to borrow the same amount of money from a bank or some other lending institution. There has been no evidentiary hearing and we do not know what additional evidence, if any, might be adduced on the question of loan vel non. It would seem to me, as is often true where a case has been terminated by summary judgment, that the more prudent disposition would be simply to reverse and remand, thus leaving the question of further proceedings open for the District Court.