DELACROIX CORPORATION v. COMMISSIONER OF INTERNAL REVENUE

No. 8021.

84 F.2d 442 (1936)

DELACROIX CORPORATION v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Fifth Circuit.

June 10, 1936.


Attorney(s) appearing for the Case

John J. Finnorn, of New Orleans, La., for petitioner.

Robert H. Jackson, Asst. Atty. Gen., John G. Remey and Sewall Key, Sp. Assts. to Atty. Gen., and Herman Oliphant, Gen. Counsel, Department of Treasury, and De Witt M. Evans, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., for respondent.

Before FOSTER, HUTCHESON, and HOLMES, Circuit Judges.


PER CURIAM.

This is a transferee proceeding supplemental to that this day decided in Acme Land & Fur Co. v. Commissioner of Internal Revenue (C.C.A.) 84 F.2d 441. The parties have stipulated that if liable as transferee, Delacroix's liability is that fixed as Acme's deficiency in that proceeding.

Organized to take over Acme's assets by the owners of the Acme shares, it is in substance and effect a continuation of Acme...

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