COMMISSIONER OF INTERNAL REVENUE v. PONTARELLI

No. 6491.

97 F.2d 793 (1938)

COMMISSIONER OF INTERNAL REVENUE v. PONTARELLI.

Circuit Court of Appeals, Seventh Circuit.

June 17, 1938.


Attorney(s) appearing for the Case

James W. Morris, Asst. Atty. Gen., and Sewall Key, Norman D. Keller, and Edward M. English, Sp. Assts. to Atty. Gen., for petitioner.

George K. Bowden, and Casper Wm. Ooms, both of Chicago, Ill., and Edward J. Lawler, Jr., and James R. Murphy, both of Washington, D. C., for respondent.

Before SPARKS and MAJOR, Circuit Judges, and LINDLEY, District Judge.


MAJOR, Circuit Judge.

This is a petition for review of a decision of the United States Board of Tax Appeals finding interest on special assessment bonds, owned by respondent exempt from income taxes.

The facts as stipulated are briefly as follows: The City of Chicago, Illinois, is a municipal corporation, and as such, a political subdivision of the State of Illinois. It was and is vested by the law of the State, with power and authority to make local improvements...

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