MONARCH MILLS v. JONES

No. 3267.

59 F.2d 502 (1932)

MONARCH MILLS v. JONES, Collector of Internal Revenue.

Circuit Court of Appeals, Fourth Circuit.

June 13, 1932.


Attorney(s) appearing for the Case

Howe P. Cochran, of Washington, D. C. (Frederick S. Winston and C. Leo DeOrsey, both of Washington, D. C., on the brief), for appellant.

Eldon O. Hanson, Spec. Atty., Bureau of Internal Revenue, of Washington, D. C. (Joseph A. Tolbert, U. S. Atty., of Greenville, S. C., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, of Washington, D. C., on the brief), for appellee.

Before PARKER and SOPER, Circuit Judges, and WAY, District Judge.


SOPER, Circuit Judge.

Monarch Mills, a South Carolina corporation, appellant, in this case, on January 1, 1918, acquired the assets and assumed the liabilities of Lockhart Mills, likewise incorporated in South Carolina. This suit was brought by Monarch Mills against the collector of internal revenue for the revenue district of South Carolina, under the provisions of the Revenue Act of 1928, § 607, 45 Stat. 791, 874 (26 USCA § 2607), to recover the sum of...

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