SNYDER & BERMAN v. COMMISSIONER OF INTERNAL REV.

No. 4708.

116 F.2d 165 (1940)

SNYDER & BERMAN, Inc., v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Fourth Circuit.

December 9, 1940.


Attorney(s) appearing for the Case

Frank G. Davidson, Jr., of Lynchburg, Va., for petitioner.

John J. Pringle, Jr., Sp. Asst. to the Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, Sp. Asst. to the Atty. Gen., on the brief), for respondent.

Before PARKER and SOPER, Circuit Judges, and COLEMAN, District Judge.


SOPER, Circuit Judge.

Snyder & Berman, Inc., is a Virginia corporation which operates a retail department store at Lynchburg, Virginia. It seeks a review of a decision of the United States Board of Tax Appeals wherein it was held that in determining the net income of the corporation, subject to income and excess profit taxes for the fiscal years ending on January 31 in the years 1936, 1937 and 1938, respectively, a deduction claimed as an expense for monies paid...

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