ROYAL PACKING CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 5103.

22 F.2d 536 (1927)

ROYAL PACKING CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

October 31, 1927.


Attorney(s) appearing for the Case

Dan J. Chapin, of Los Angeles, Cal., for plaintiff in error.

Mabel Walker Willebrandt, Asst. Atty. Gen., and A. W. Gregg, Gen. Counsel, Bureau of Internal Revenue, and A. Geo. Bouchard, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C. (Thos. P. Dudley, Jr., Sp. Atty., Bureau of Internal Revenue, of Washington, D. C., of counsel), for defendant in error.

Before HUNT, RUDKIN, and DIETRICH, Circuit Judges.


DIETRICH, Circuit Judge.

This is a writ of error brought to review a decision of the United States Board of Tax Appeals in which the Board held the plaintiff liable in the sum of $9,792.85, for a deficiency tax for the fiscal year ending January 31, 1919. The only question is whether, in computing the tax for that year, the taxpayer was entitled to a deduction of $15,000 for loss alleged to have been sustained upon stock it owned in the Universal Packing Company....

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