BUSH TERMINAL BLDGS. CO. v. COMMISSIONER OF INT. REV.

No. 21, Docket 22362.

204 F.2d 575 (1953)

BUSH TERMINAL BLDGS. CO. v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Second Circuit.

Decided May 15, 1953.


Attorney(s) appearing for the Case

Holt S. McKinney, New York City, for petitioner.

H. Brian Holland, Ellis N. Slack, Helen Goodner and Cecelia H. Goetz, Washington, D. C., for respondent.

Before L. HAND, AUGUSTUS N. HAND and FRANK, Circuit Judges.


FRANK, Circuit Judge.

This case relates to an asserted deficiency in taxpayer's income for 1941. As the facts and rulings of the Tax Court are adequately stated in its findings and opinion reported in 17 T.C. 485, they will not be repeated here.

1. Gain from purchase by taxpayer of its own bonds in 1941.

(1) The taxpayer argues that the amendment of § 22(b) (9)1 in § 114...

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