ALLEN v. BEAZLEY

No. 11572.

157 F.2d 970 (1946)

ALLEN, Collector of Internal Revenue, v. BEAZLEY.

Circuit Court of Appeals, Fifth Circuit.

November 14, 1946.


Attorney(s) appearing for the Case

Newton K. Fox, Helen R. Carloss, and Mills Kitchin, Sp. Assts. to the Atty. Gen., and Sewall Key, Acting Asst. Atty. Gen., all of Washington, D. C., and John P. Cowart, U. S. Atty., of Macon, Ga., for appellant.

John A. Sibley and James A. Branch, Jr., both of Atlanta, Ga., for appellee.

Before HOLMES, WALLER, and LEE, Circuit Judges.


WALLER, Circuit Judge.

The Court below aptly stated the issues in this case as follows:

"The question presented is whether plaintiff was taxable on the interest on certain securities purchased and pledged to secure a loan in his own name, or whether this income was taxable equally to him, his wife and his son. The answer to the question is controlled by whether he singly or they jointly owned certain bonds, stocks and note of the Southern Ice Company, Inc...

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