JOHNSON LOCKE MERCANTILE CO. v. BURNET

No. 5136.

51 F.2d 434 (1931)

JOHNSON LOCKE MERCANTILE CO. v. BURNET, Com'r of Internal Revenue.

Court of Appeals of District of Columbia.

Decided June 29, 1931.


Attorney(s) appearing for the Case

G. E. H. Goodner, of Washington, D. C., for appellant.

Sewall Key, C. M. Charest, J. S. Franklin, and F. E. Mitchell, all of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, and HITZ and GRONER, Associate Justices.


HITZ, Associate Justice.

This is an appeal from an order of redetermination of the Board of Tax Appeals, pursuant to sections 1001, 1002, and 1003 of the Revenue Act of 1926, c. 27, 44 Stat. 9, 109, 110 (26 USCA §§ 1225, 1226, and § 1224 and note).

It involves corporation income and profits taxes for the year 1921 and 1922, and, more particularly, the question whether certain items claimed by appellant to be accrued interest were properly disallowed...

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