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LUCAS v. SCHNEIDER

No. 5578.

47 F.2d 1006 (1931)

LUCAS v. SCHNEIDER.

Circuit Court of Appeals, Sixth Circuit.

March 6, 1931.

Attorney(s) appearing for the Case

John H. Pigg, of Washington, D. C. (Thomas J. Sparks and Frank A. Ropke, both of Louisville, Ky., and C. M. Charest, of Washington, D. C., on the brief), for appellant.

Elwood Hamilton, of Louisville, Ky., for appellee.

Before DENISON, HICKS, and HICKENLOOPER, Circuit Judges.

HICKS, Circuit Judge.

Bagby-Howe Drug Company, herein called the taxpayer, was a Kentucky corporation engaged at Louisville from 1904 to 1926 in the manufacture and sale of drugs at wholesale. Subsequent to March 1, 1913, and before the taxable year 1925, the taxpayer acquired certain real estate with improvements at 626 Main street, Louisville, at an aggregate cost of $69,460.46. Prior to 1925, it took deductions in its...

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