IN RE AMERICAN TOY WORKS

Bankr. No. 47494.

96 F.Supp. 282 (1950)

In re AMERICAN TOY WORKS, Inc.

United States District Court E. D. New York.

June 20, 1950.


Attorney(s) appearing for the Case

Underhill & Rubinger, New York City, (Hyman Frank, New York City, of counsel), for Trustee.

J. Vincent Keogh, U. S. Atty., Brooklyn, N. Y. (Nathan Borock, Asst. U. S. Atty., Brooklyn, N. Y., of counsel), for Collector of Internal Revenue.


BYERS, District Judge.

An examination of the testimony yields agreement with the views of the Referee which are understood to come down to this: That the so-called general partners did practically nothing to earn the salaries seemingly paid to them on behalf of the selling agency; that the special partners, so-called, were the real salesmen, and that the action of the Collector in allowing deductions only as to them was enlightened.

The Referee's determination...

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