CALIFORNIA BARREL CO. v. COMMISSIONER OF INT. REV.

No. 7826.

81 F.2d 190 (1936)

CALIFORNIA BARREL CO., Inc., v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

January 13, 1936.


Attorney(s) appearing for the Case

Allen G. Wright and Randell Larson, of San Francisco, Cal., for petitioner.

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key, Joseph M. Jones, and Maurice J. Mahoney, Sp. Assts. to Atty. Gen., for respondent.

Before WILBUR, DENMAN, and HANEY, Circuit Judges.


HANEY, Circuit Judge.

The petition herein asks review of an order of the Board of Tax Appeals entered in favor of the Commissioner in a proceeding wherein the petitioner sought an order determining that it was entitled to deduct $306,348.56 in computing its net income for the calendar year 1927, such deduction being part of an alleged loss sustained by another corporation in 1925.

The statute under which the deduction is claimed is in the Revenue Act of 1926...

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