GARRISON CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 9181.

55 F.2d 589 (1932)

GARRISON CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

January 25, 1932.


Attorney(s) appearing for the Case

J. B. Grice, of Washington, D. C., for petitioner.

Norman D. Keller, Sp. Asst. to the Atty. Gen. (G. A. Youngquist, Asst. Atty. Gen., Sewall Key and John H. McEvers, Sp. Assts. to the Atty. Gen., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and J. E. Marshall, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., on the brief), for respondent.

Before VAN VALKENBURGH, BOOTH, and GARDNER, Circuit Judges.


BOOTH, Circuit Judge.

This is a petition for review of a decision of the Board of Tax Appeals, and involves redetermination of income and profits taxes of the petitioner for the year 1920.

The question of the value of petitioner's depreciable assets, which was also before the Board of Tax Appeals and was covered by its decision, is not involved on this appeal.

The short facts are as follows: The petitioner was incorporated under the laws of the state...

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