C. L. DOWNEY CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 13836.

172 F.2d 810 (1949)

C. L. DOWNEY CO. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Eighth Circuit.

February 23, 1949.


Attorney(s) appearing for the Case

Maurice Walk, of Chicago, Ill., for petitioner.

Morton K. Rothschild, Sp. Asst. to Atty. Gen., Theron Lamar Caudle, Asst. Atty. Gen., and Ellis N. Slack and A. F. Prescott, Sp. Assts. to Atty. Gen., for respondent.

Before SANBORN, WOODROUGH, and THOMAS, Circuit Judges.


THOMAS, Circuit Judge.

The Petitioner, C. L. Downey Company, is an Ohio corporation, having its principal place of business at Hannibal, Missouri. It seeks review of a decision of the Tax Court of the United States, 10 T.C. 837, involving its income and excess profits taxes for the taxable years 1942 and 1943.

The issues decided by the Tax Court and to be reviewed here, are: (1) Whether the Commissioner erroneously disallowed...

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