1. Home
  2. Browse Decisions
  3. F.2d
  4. 53 F.2d
  5. 53 F.2d 1016 (1931)
 

HUTCHINS LUMBER & STORAGE CO. v. COMMISSIONER OF INTERNAL REVENUE.

No. 4534.

53 F.2d 1016 (1931)

HUTCHINS LUMBER & STORAGE CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

December 4, 1931.

Attorney(s) appearing for the Case

John E. Hughes, of Washington, D. C., for petitioner.

G. A. Youngquist, Asst. Atty. Gen., and Hayner N. Larson and J. Louis Monarch, Sp. Assts. to Atty. Gen. (C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and J. E. Marshall, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for the United States.

Before ALSCHULER, EVANS, and SPARKS, Circuit Judges.

EVANS, Circuit Judge.

Petitioner complains of the ruling of the Board of Tax Appeals because it assessed a deficiency income and profits tax for the year 1918. The basis of the Board's action of which petitioner complains was the inclusion of an additional $17,541.22 in petitioner's inventory of stock on hand at the close of the year. Petitioner admits that its inventory duly entered on its books showed lumber on hand of the value of $118,284.80, but asserts that...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases