SOUTH SIDE BANK & TRUST CO. v. COMMISSIONER OF INT. REV.

No. 9226.

158 F.2d 683 (1946)

SOUTH SIDE BANK & TRUST CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Third Circuit.

Decided December 10, 1946.


Attorney(s) appearing for the Case

L. E. Renard, of Scranton, Pa. (T. A. Donahoe, of Scranton, Pa., on the brief), for petitioner.

S. Dee Hanson, of Washington, D. C. (Sewall Key, Acting Asst. Atty. Gen. and A. F. Prescott, Sp. Asst. to the Atty. Gen., on the brief), for respondent.

Before GOODRICH and KALODNER, Circuit Judges, and MADDEN, District Judge.


GOODRICH, Circuit Judge.

This case involves alleged deficiencies in taxpayer's corporate income taxes for the taxable years 1940-1941. The Tax Court decided against the petitioner (6 T.C. 965) and the case is brought here on petition for review.

The facts were stipulated between the parties and found by the Tax Court. South Side Bank and Trust Company is a Pennsylvania banking corporation with its place of business in Scranton...

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