VALENTINE-CLARK CORP. v. COM'R OF INTERNAL REVENUE

No. 12505.

137 F.2d 481 (1943)

VALENTINE-CLARK CORPORATION v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

Rehearing Denied August 31, 1943.


Attorney(s) appearing for the Case

Hayner N. Larson, of Minneapolis, Minn. (Glenn S. Stiles and Faegre & Benson, all of Minneapolis, Minn., on the brief), for petitioner.

Paul S. McMahon, Sp. Asst. to Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, A. F. Prescott, and Helen Goodner, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before SANBORN, WOODROUGH, and RIDDICK, Circuit Judges.


RIDDICK, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals (now the Tax Court of the United States) affirming the Revenue Commissioner's determination of a deficiency in petitioner's income tax for the year 1936 and for the taxable period January 1, 1937, to June 30, 1937. The question for decision arises under the provisions of the Revenue Act of 1936, 26 U.S. C.A. Int.Rev.Acts, page 819 et seq., imposing a surtax upon undistributed...

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