Court Opinion

ID: 9449038
Source: CourtListenerOpinion
Date Created: 2023-08-03 23:53:31.659731+00
Date Added: 2024-06-11T17:31:39.728723
License: Public Domain

SHACKELFORD MILLER, Jr.,
Circuit Judge (concurring).
I concur in the result reached in the majority opinion.
*723However, I am not willing to adopt, without some modification thereof, the test adopted and applied in Liant Record, Inc. v. Commissioner, 303 F.2d 326, C.A.2d, upon which the majority opinion relies. I think that the investment character of the properties involved should be given more consideration than what seems to me is given by the ruling in the Liant case, although I do not think that investment basis alone is sufficient to comply with the statute, as Steuart Brothers, Inc. v. Commissioner, 261 F.2d 580, C.A.4th, might be construed as holding. As pointed out in Loco Realty Co. v. Commissioner, 306 F.2d 207, 215, C.A.8th, the statute was not intended to penalize but to protect persons whose property may be taken on condemnation and, accordingly, should be construed liberally. I agree with the standard adopted in the opinion in that case, although for our present purposes I do not think that it results in a reversal of the decision of the Tax Court.