FIRST NAT. BANK IN WICHITA v. COMMISSIONER OF INT. REV.

No. 434.

57 F.2d 7 (1932)

FIRST NAT. BANK IN WICHITA v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Tenth Circuit.

March 28, 1932.


Attorney(s) appearing for the Case

Phil D. Morelock, of Kansas City, Mo. (Dudley Doolittle and Perry W. Shrader, both of Kansas City, Mo., on the brief), for petitioner.

Morton K. Rothschild, 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 Philip M. Clark, Sp. Atty., Bureau of Internal Revenue, both of Washington, D.C., on the brief), for respondent.

Before LEWIS and COTTERAL, Circuit Judges, and KENNAMER, District Judge.


LEWIS, Circuit Judge.

During the latter part of the year 1922 and continuously thereafter throughout the years here involved (1922-1927 inclusive) petitioner held a large amount of tax exempt municipal bonds. It complains that "The respondent has included in the taxable income of the petitioner nontaxable interest received from obligations of states and political subdivisions thereof owned by the petitioner * * * which have been added to the income of the petitioner...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases