1. Home
  2. Browse Decisions
  3. F.2d
  4. 119 F.2d
  5. 119 F.2d 846 (1941)
 

COM'R OF INT. REV. v. PALM SPRINGS HOLDING CORP.

No. 9661.

119 F.2d 846 (1941)

COMMISSIONER OF INTERNAL REVENUE v. PALM SPRINGS HOLDING CORPORATION. PALM SPRINGS HOLDING CORPORATION v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

May 14, 1941.

Attorney(s) appearing for the Case

Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, Maurice J. Mahoney, and L. W. Post, Sp. Assts. to the Atty. Gen., for Commissioner.

Frank Mergenthaler, of Los Angeles, Cal., for taxpayer.

Before MATHEWS and STEPHENS, Circuit Judges, and HOLLZER, District Judge.

MATHEWS, Circuit Judge.

These are petitions to review a decision of the Board of Tax Appeals redetermining claimed deficiencies in respect of income and excess profits taxes of Palm Springs Holding Corporation (hereafter called the taxpayer) for the taxable year ended May 31, 1936.

In May, 1932, the taxpayer acquired bonds of Palm Springs Hotel Company, a corporation (hereafter called the Hotel Company), of the face value of $292,000. The bonds were secured...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases