MID-WEST RUBBER RECLAIM. CO. v. COMMISSIONER OF INT. REV.

No. 7952.

131 F.2d 157 (1942)

MID-WEST RUBBER RECLAIMING CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

November 6, 1942.


Attorney(s) appearing for the Case

Daniel N. Kirby and Harry W. Kroeger, both of St. Louis, Mo., for petitioner.

J. P. Wenchel, Bureau of Internal Revenue, of Washington, D. C., and Samuel O. Clark, Jr., Asst. Atty. Gen., Sewall Key and Joseph M. Jones, Sp. Assts. to the Atty. Gen., for respondent.

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


LINDLEY, District Judge.

This review presents the question of whether petitioner sustained recovery of an account due it from Akron Rubber Reclaiming Company for $41,231.36, which had previously been charged off as a bad debt. The Board of Tax Appeals resolved the issue affirmatively.

Akron, engaged in manufacture of rubber products, in 1928, caused petitioner to be organized as a rubber reclaiming company, entering...

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