SIOUX CITY STOCK YARDS CO. v. COMMISSIONER OF INT. REV.

No. 9346.

59 F.2d 944 (1932)

SIOUX CITY STOCK YARDS CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

June 20, 1932.


Attorney(s) appearing for the Case

Robert A. Littleton, of Washington, D. C. (Mason, Spalding & McAtee, of Washington, D. C., on the brief), for petitioner.

Andrew D. Sharpe, Sp. Asst. to Atty. Gen. (G. A. Youngquist, Asst. Atty. Gen., Sewall Key, Sp. Asst. to Atty. Gen., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and John D. Foley, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., on the brief), for respondent.

Before STONE, KENYON, and GARDNER, Circuit Judges.


GARDNER, Circuit Judge.

This is a petition to review a decision of the United States Board of Tax Appeals assessing excess profit taxes against petitioner for the years 1918, 1919, and 1920.

Petitioner is a corporation organized under the laws of the state of Iowa, with an authorized capital stock of $3,000,000, divided equally between preferred and common stock. It was organized for the purpose of acquiring, owning, and operating a stockyard at Sioux City...

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