EVANSVILLE COURIER v. COMMISSIONER OF INTERNAL REVENUE

No. 4769.

62 F.2d 232 (1932)

EVANSVILLE COURIER v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

December 20, 1932.


Attorney(s) appearing for the Case

John E. McClure, of Washington, D. C. (Maud Ellen White and Miller & Chevalier, all of Washington, D. C., of counsel), for petitioner.

G. A. Youngquist, Asst. Atty. Gen., Sewall Key and Wm. Cutler Thompson, Sp. Assts. to Atty. Gen., and Dwight H. Green, of Washington, D. C. (C. M. Charest, General Counsel, Bureau of Internal Revenue, and P. A. Sebastian, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before ALSCHULER, EVANS, and SPARKS, Circuit Judges.


EVANS, Circuit Judge.

Was the $15,000 item in dispute properly included in petitioner's 1920 income?

In January, 1920, petitioner was organized to acquire the assets, tangible and intangible, of the Evansville Courier Publishing Company, which for many years had published a newspaper at Evansville, Indiana, and transacted a prosperous associated business and acquired a desirable reputation and a valuable good will. The capital stock of petitioner was fixed...

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