COMMISSIONER OF INTERNAL REV. v. COLUMBIA RIVER P.M.

No. 9868.

127 F.2d 558 (1942)

COMMISSIONER OF INTERNAL REVENUE v. COLUMBIA RIVER PAPER MILLS.

Circuit Court of Appeals, Ninth Circuit.

April 29, 1942.


Attorney(s) appearing for the Case

Samuel O. Clark, Jr., Asst. Atty. Gen., and J. Louis Monarch, Gerald L. Wallace, William L. Cary, and Edward Hammond, Sp. Assts. to Atty. Gen., for petitioner.

Clarence D. Phillips, of Portland, Or. (Griffith, Peck, Phillips & Nelson, of Portland, Or., of counsel), for respondent.

Before GARRECHT, HANEY, and HEALY, Circuit Judges.


HANEY, Circuit Judge.

The question presented by the present petition for review arises under the provisions of the Revenue Act of 1936, relating to undistributed profits tax on corporations.

Respondent is a Washington corporation organized in 1923. As amended in 1925 its articles of incorporation provided for an authorized common capital stock of $2,000,000 divided into 20,000 shares, each having a par value of $100. The articles also authorized issuance of...

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