SEELEY v. HELVERING

No. 208.

77 F.2d 323 (1935)

SEELEY v. HELVERING, Commissioner of Internal Revenue.

Circuit Court of Appeals, Second Circuit.

May 6, 1935.


Attorney(s) appearing for the Case

Harvey K. Zollinger, of New York City (Charles W. Atwater, of New York City, of counsel), for appellant.

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key, John G. Remey, and John Mac.C. Hudson, Sp. Assts. to the Atty. Gen., for appellee.

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


L. HAND, Circuit Judge.

This appeal raises the question of a taxpayer's power to have his income tax for the year 1929 computed by the use of inventories under section 22 (c) of the Revenue Act of 1928 (26 USCA § 2022 (c). He was a stockbroker in New York City, associated with, but not a member of, a firm, some of whose orders he executed on the floor of the exchange; but he also did business upon his own account, buying and selling for himself on margin. He...

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