MERCHANTS BANK BLDG. CO. v. HELVERING

No. 10535.

84 F.2d 478 (1936)

MERCHANTS BANK BLDG. CO. v. HELVERING, Com'r of Internal Revenue.

Circuit Court of Appeals, Eighth Circuit.

June 16, 1936.


Attorney(s) appearing for the Case

William H. Oppenheimer, of St. Paul, Minn. (Frederick N. Dickson, Frank C. Hodgson, Montreville J. Brown, Stan D. Donnelly, and Edwin B. Baer, all of St. Paul, Minn., on the brief), for petitioner.

Howard P. Locke, Sp. Asst. to the Atty. Gen. (Robert H. Jackson, Asst. Atty. Gen., and Sewall Key and Norman D. Keller, Sp. Assts. to the Atty. Gen., on the brief), for respondent.

Before GARDNER, SANBORN, and BOOTH, Circuit Judges.


GARDNER, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals which determined and adjudged a deficiency of $7,937.12 in petitioner's income taxes for 1929. At the hearing before the Board of Tax Appeals the facts were stipulated, and, so far as here material, they are substantially as follows:

Petitioner, a Delaware corporation, was organized in March, 1929. Its creation arose from the following circumstances: In that month,...

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