ALUMINUM GOODS MFG. CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 4642.

56 F.2d 568 (1932)

ALUMINUM GOODS MFG. CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied April 4, 1932.


Attorney(s) appearing for the Case

Edwin S. Mack, of Milwaukee, Wis., for petitioner.

G. A. Youngquist, Asst. Atty. Gen., and J. Louis Monarch, John MacC. Hudson, and Wm. Cutler Thompson, Sp. Assts. to Atty. Gen. (C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and F. R. Shearer, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before EVANS and SPARKS, Circuit Judges, and BALTZELL, District Judge.


EVANS, Circuit Judge.

Petitioner's income and profits taxes for the years 1917, 1919, and 1921 are involved on this appeal. The dispute over the 1917 tax arises out of a loss suffered by petitioner through the liquidation of its subsidiary which had become insolvent. Petitioner asserts that it has overpaid its 1917 tax and seeks a refund. Respondent contends, and the Board of Tax Appeals sustained his view, that an additional tax was due for this year. Dispute over...

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