RHODE ISLAND HOSPITAL T. CO. v. COM'NR. OF INTERNAL REVENUE

No. 2260.

29 F.2d 339 (1928)

RHODE ISLAND HOSPITAL TRUST CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, First Circuit.

November 27, 1928.


Attorney(s) appearing for the Case

Ferdinand Tannenbaum, of New York City (William R. Tillinghast, Harold B. Tanner, and Tillinghast & Collins, all of Providence, R. I., on the brief), for petitioner.

John Vaughan Croner, Sp. Asst. Atty. Gen. (Mabel Walker Willebrandt, Asst. Atty. Gen., C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, V. J. Heffernan and Clark T. Brown, Sp. Attys., Bureau of Internal Revenue, all of Washington, D. C., and Sewall Key, Sp. Asst. Atty. Gen., on the brief), for the Commissioner.

Before BINGHAM, JOHNSON, and ANDERSON, Circuit Judges.


ANDERSON, Circuit Judge.

This is a petition for the review of a decision of the Board of Tax Appeals, redetermining a deficiency profits tax of the petitioner for the fiscal year ended October 31, 1921. The Commissioner on August 12, 1925, held the petitioner liable for an additional tax of $67,916.46. On appeal to the Board of Tax Appeals, this deficiency tax was reduced to $59,085.45.

The questions now presented arise under the deduction provisions of the...

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