GAUNT & HARRIS v. UNITED STATES

No. 8062.

110 F.2d 651 (1940)

GAUNT & HARRIS v. UNITED STATES.

Circuit Court of Appeals, Sixth Circuit.

February 15, 1940.


Attorney(s) appearing for the Case

Woodward, Dawson & Hobson, of Louisville, Ky., for appellant.

Eli H. Brown, III, of Louisville, Ky., and Jerome P. Carr, of Washington, D. C., for appellee.

Before HICKS, SIMONS, and ARANT, Circuit Judges.


PER CURIAM.

It appearing that appellant sued to recover income taxes alleged to have been erroneously assessed for the tax year 1932; that appellant claimed a deduction for loss in said year sustained in consequence of a sale of shares of stock to two of its stockholders who owned all of its 100 shares of capital stock, except 6 issued to their wives to qualify them as incorporators; that said stockholders had been partners...

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