SQUIRE v. PUGET SOUND PULP & TIMBER CO.

No. 12368.

181 F.2d 745 (1950)

SQUIRE, Collector of Internal Revenue, v. PUGET SOUND PULP & TIMBER CO.

United States Court of Appeals Ninth Circuit.

Rehearing Denied May 19, 1950.


Attorney(s) appearing for the Case

Theron Lamar Caudle, Asst. Atty. Gen., Ellis N. Slack, A. F. Prescott, James P. Garland and Harry Marselli, Sp. Assts. to the Atty. Gen., J. Charles Dennis, U. S. Atty., Seattle, Wash., for appellant.

George H. Koster, San Francisco, Cal., Robert H. Evans, Seattle, Wash., for appellee.

Before MATHEWS, STEPHENS and ORR, Circuit Judges.


ORR, Circuit Judge.

The question presented is from what date interest begins to run against the taxpayer on the portion of excess profits tax of which payment is deferred under § 710 (a) (5) of the Internal Revenue Code, 26 U.S.C.A. § 710(a) (5).1

Appellee taxpayer, a corporation, reported in its 1942 return excess profits tax net income in excess of 50% of its normal tax net income, computed without the credit provided...

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