No specific laws identified for this ruling.
The court granted partial summary judgment in favor of the Commissioner, ruling that section 167(c)(2) applies to the acquisition of the vessel by Union Carbide Foreign Sales Corp.
This summary was generated to explain the ruling in plain English and is not legal advice.
Held: An amount received in settlement of a claim of race discrimination made pursuant to title VII of the Civil Rights Act of 1964 is not excludable from gross income pursuant to sec. 104(a)(2), I.R.C., as an amount received on account of personal injury. United States v. Burke, 504 U.S. , 112 S. Ct. 1867 (1992).
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