COMMISSIONER OF INTERNAL REV. v. VAN CAMP PACKING CO.

No. 4978.

67 F.2d 596 (1933)

COMMISSIONER OF INTERNAL REVENUE v. VAN CAMP PACKING CO., Inc.

Circuit Court of Appeals, Seventh Circuit.

November 25, 1933.


Attorney(s) appearing for the Case

Sewall Key, John H. McEvers, E. Barrett Prettyman, and J. M. Leinenkugel, all of Washington, D. C., for petitioner.

Paul E. Shorb, of Washington, D. C., and Eugene C. Miller, of Indianapolis, Ind. (Covington, Burling & Rublee, of Washington, D. C., of counsel), for respondent.

Before ALSCHULER, SPARKS, and FITZHENRY, Circuit Judges.


ALSCHULER, Circuit Judge.

There is involved the taxability of gains realized by Van Camp Tank Car Company, a corporation, from its purchase and sale of corporate shares of respondent, its corporate affiliate, which made a consolidated income tax return for the affiliated group.

In 1924, 1925, and 1926 respondent owned all the capital stock of its corporate affiliates, including Van Camp Tank Car Company, and for each...

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