HILL v. COMMISSIONER OF INTERNAL REVENUE

No. 10188.

126 F.2d 570 (1942)

HILL v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Fifth Circuit.

March 17, 1942.


Attorney(s) appearing for the Case

Joseph B. Brennan and Randolph W. Thrower, both of Atlanta, Ga., for petitioner.

Benjamin M. Brodsky, J. Louis Monarch, Gerald L. Wallace, and Warren F. Wattles, Sp. Assts. to Atty. Gen., Samuel O. Clark, Jr., Asst. Atty. Gen., and J. P. Wenchel, Chief Counsel, Bureau of Internal Revenue, and Charles E. Lowery, Sp. Atty., Bureau of Internal Revenue, both of Washington, D.C., for respondent.

Before FOSTER, SIBLEY, and McCord, Circuit Judges.


McCORD, Circuit Judge.

The petitioner, Walter C. Hill, seeks reversal of a decision of the Board of Tax Appeals sustaining the Commissioner's determination of a deficiency in income tax against him in the amount of $1,720.02 for the year 1937.

The facts are stipulated. The taxpayer has long been a stockholder and employee of Retail Credit Company, serving as president of the corporation since January 27, 1932. In 1931 the charter of the Retail Credit Company...

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