HYPOTHEEK LAND CO. v. COMMISSIONER OF INTERNAL REV.

No. 13158.

200 F.2d 390 (1952)

HYPOTHEEK LAND CO. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Ninth Circuit.

December 15, 1952.


Attorney(s) appearing for the Case

John Huneke, W. Kenneth Jones, Spokane, Wash., for petitioner.

Ellis N. Slack, Acting Asst. Atty. Gen., S. Dee Hanson and Jos. F. Goetten, Sp. Assts. to Atty. Gen., for respondent.

Before HEALY, BONE and POPE, Circuit Judges.


BONE, Circuit Judge.

The basic and material facts underlying the controlling issues presented in this review proceeding are clearly set forth in the opinion and findings of the Tax Court reported in 16 T.C. 1268. A detailed summary of these facts is therefore unnecessary.

In its opinion the Tax Court states that "the sole issue is whether the respondent [Commissioner] erred in reducing petitioner's deduction of interest allowable...

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