Court Opinion

ID: 9650625
Source: CourtListenerOpinion
Date Created: 2023-08-23 15:46:55.954578+00
Date Added: 2024-06-11T13:20:41.463234
License: Public Domain

HUTCHESON, Circuit Judge
(dissenting in part).
I agree with the majority in their treatment and in the result of their treatment, of the question, whether appellant received the proceeds of the insurance as a transferee of the contract by assignment or otherwise, within the meaning of Sec. 22(b) of the Revenue Act of 1932, 26 U.S.C.A. § 22(b) note.
I do not agree with their view that this is the sole controversy in the case. I think there is another controversy or question in the case; whether appellant did not, in the year in question, collect a debt which he had previously charged off as bad. I think he did, and that because he did, he ought to pay the tax. I think the judgment should be affirmed.
I dissent from its reversal.