UNITED DYEWOOD CORPORATION v. BOWERS

No. 207.

56 F.2d 603 (1932)

UNITED DYEWOOD CORPORATION v. BOWERS.

Circuit Court of Appeals, Second Circuit.

March 7, 1932.


Attorney(s) appearing for the Case

George Z. Medalie, U. S. Atty., of New York City (Leon E. Spencer, Asst. U. S. Atty., of New York City, of counsel), for appellant.

Kirlin, Campbell, Hickox, Keating & McGrann, of New York City (Charles T. Cowenhoven, Jr., and H. Maurice Fridlund, both of New York City, of counsel), for appellee.

Before L. HAND, SWAN, and AUGUSTUS N. HAND, Circuit Judges.


PER CURIAM.

The question involved in this case is as to the meaning of section 240 (c) of the Revenue Act of 1918 (40 Stat. 1081), in particular as to that part of it which reads: "Which the amount of any dividends * * * received by such domestic corporation from such foreign corporation during the taxable year bears to the total taxable income of such foreign corporation upon or with respect to which such taxes were paid." It seems to us entirely clear, for the reasons...

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