JOHN A. NELSON CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 5146.

75 F.2d 696 (1935)

JOHN A. NELSON CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

February 23, 1935.


Attorney(s) appearing for the Case

J. S. Seidman, of New York City, for petitioner.

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key and Robert N. Anderson, Sp. Assts. to Atty. Gen., for respondent.

Before SPARKS and FITZHENRY, Circuit Judges, and LINDLEY, District Judge.


LINDLEY, District Judge.

The taxpayer petitions for a review of a decision of the Board of Tax Appeals, assessing additional taxes based upon a holding that the transaction hereinafter discussed was not a reorganization within the meaning of the Revenue Act. Two questions are involved: First, whether a stipulation between the parties that on December 31, 1926, petitioner "was a party to a reorganization" is decisive of the question as to whether or not the transaction...

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