VIRGINIA LINCOLN FURNITURE CORPORATION v. COMMISSIONER OF INTERNAL REVENUE

No. 3483.

67 F.2d 8 (1933)

VIRGINIA LINCOLN FURNITURE CORPORATION v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Fourth Circuit.

October 3, 1933.


Attorney(s) appearing for the Case

J. P. Buchanan, of Marion, Va., for petitioner.

Helen R. Carloss, Sp. Asst. to Atty. Gen. (Sewall Key, Sp. Asst. to Atty. Gen., and E. Barrett Prettyman, Gen. Counsel, Bureau of Internal Revenue, and Frank M. Thompson, Jr., Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., on the brief), for respondent.

Before PARKER and SOPER, Circuit Judges, and GLENN, District Judge.


PARKER, Circuit Judge.

This is the second time that this case has been brought before us on petition to review a decision of the Board of Tax Appeals. Our first decision will be found in 56 F.2d 1028, 1029. The question there involved was the right of petitioner in making income tax returns to deduct from accounts outstanding at the end of the taxable year the amount of estimated trade and time discount to which these accounts were...

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