KREPS v. C. I. R.

No. 431, Docket 29304.

351 F.2d 1 (1965)

Sidney KREPS, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Second Circuit.

Decided September 21, 1965.

Rehearing Denied October 26, 1965.


Attorney(s) appearing for the Case

Martin D. Cohen, Morris A. Kaplan, New York City, for petitioner.

Mark S. Rothman, Atty., Dept. of Justice, Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson, David O. Walter, Attys., Dept. of Justice, for respondent.

Before WATERMAN, MARSHALL and ANDERSON, Circuit Judges.


WATERMAN, Circuit Judge:

Sidney Kreps petitions to review a decision of the Tax Court holding him liable under the transferee provisions of the 1939 Internal Revenue Code for unpaid income taxes of Metropolitan Air Freight Depot, Inc.

Metropolitan was organized in March 1949, pursuant to the laws of New York. Its business was air freight forwarding. It received shipments from various manufacturers, consolidated them, and shipped them by air to various customers...

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