TERRE HAUTE ELECTRIC CO. v. COMMISSIONER OF INT. REV.

No. 6338.

96 F.2d 383 (1938)

TERRE HAUTE ELECTRIC CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

April 1, 1938.


Attorney(s) appearing for the Case

A. E. James, of Washington, D. C., for petitioner.

James W. Morris, Asst. Atty. Gen., and Sewall Key and Helen R. Carloss, Sp. Assts. to Atty. Gen., for respondent.

Before SPARKS, MAJOR, and TREANOR, Circuit Judges.


MAJOR, Circuit Judge.

This is a petition for review of decisions of the Board of Tax Appeals wherein deficiencies were assessed in petitioner's income taxes in the amounts of $23,433.90, $18,899.06 and $23,448.03 for the years 1927, 1930 and 1931, respectively.

On March 25, 1907, the petitioner leased to the Terre Haute, Indianapolis & Eastern Traction Company for a period of 999 years, all of its property, which consisted of city and interurban traction...

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