1. Home
  2. Browse Decisions
  3. F.2d
  4. 71 F.2d
  5. 71 F.2d 142 (1934)
 

PRODUCE EXCHANGE STOCK CLEARING ASS'N v. HELVERING

No. 305.

71 F.2d 142 (1934)

PRODUCE EXCHANGE STOCK CLEARING ASS'N, Inc., v. HELVERING, Commissioner of Internal Revenue.

Circuit Court of Appeals, Second Circuit.

June 4, 1934.

Attorney(s) appearing for the Case

Allen H. Gardner, of Washington, D. C. (Morris, Kix Miller & Baar, of Washington, D. C., of counsel), for petitioner.

Frank J. Wideman, Asst. Atty. Gen. (Sewall Key and John G. Remey, Sp. Assts. to Atty. Gen., of counsel), for respondent.

Before L. HAND, SWAN, and CHASE, Circuit Judges.

SWAN, Circuit Judge.

The question presented for decision is whether the petitioner is exempt from income tax by virtue of section 103 (7) of the Revenue Act of 1928 [45 Stat. 812, 813, 26 US CA § 2103 (7)], granting exemption to "Business leagues, chambers of commerce, real estate boards, or boards of trade, not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual." The Board decided adversely...

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