26 U.S.C. § 1241
Section 1241 · Cancellation of lease or distributors agreement
Amended 1 time on record
Applied in 10 court decisions — leading case Commissioner v. Pittston Co. (1958)
Most recently applied in 961 F. Supp. 353 - Casas Office MacHines, Inc. v. Mita Copystar America, Inc. (February 1997)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Amounts received by a lessee for the cancellation of a lease, or by a distributor of goods for the cancellation of a distributor's agreement (if the distributor has a substantial capital investment in the distributorship), shall be considered as amounts received in exchange for such lease or agreement.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Cross References
Computation for services as gross income, see section 61 of this title.