CITIZENS WATER CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 10548.

87 F.2d 874 (1937)

CITIZENS WATER CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

Rehearing Denied February 25, 1937.


Attorney(s) appearing for the Case

La Monte Cowles, of Burlington, Iowa, for petitioner.

S. Dee Hanson, Sp. Asst. to the Atty. Gen. (Robert H. Jackson, Asst. Atty. Gen., and Sewall Key, Sp. Asst. to the Atty. Gen., on the brief), for respondent.

Before STONE, WOODROUGH, and THOMAS, Circuit Judges.


STONE, Circuit Judge.

This is a petition to review redeterminations by the Board of Tax Appeals of the corporation income taxes of petitioner for the years 1930 and 1931.

Petitioner is a corporation organized under the statutes of Iowa and engaged in the business of furnishing water to the city of Burlington, Iowa. Its net income for 1930 was $43,804.80 and for 1931 was $32,349.55. Petitioner claimed these incomes were entirely exempt under the provisions...

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