O'SULLIVAN RUBBER CO. v. COMMISSIONER OF INT. REV.

No. 281.

120 F.2d 845 (1941)

O'SULLIVAN RUBBER CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Second Circuit.

June 6, 1941.


Attorney(s) appearing for the Case

Blake & Voorhees, of New York City (Peter V. D. Voorhees, Helen H. Robinson, and Samuel B. Stewart, Jr., all of New York City, of counsel), for petitioner.

Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key and Arthur A. Armstrong, Sp. Assts. to Atty. Gen., for respondent.

Before L. HAND, CHASE, and FRANK, Circuit Judges.


FRANK, Circuit Judge.

This is a petition for review of a decision of the Board of Tax Appeals, reported at 42 B.T.A. 721, which found a deficiency for 1935 in personal holding company tax of $4,198.37 and a penalty of $1,049.59.

In the disputed year petitioner was a dissolved corporation in process of liquidation. It sold its business of selling rubber heels and dissolved in 1932; since then it has not engaged in business, but has endeavored to liquidate as...

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