C. I. R. v. STATE-ADAMS CORPORATION

No. 37, Docket 26100.

283 F.2d 395 (1960)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. STATE-ADAMS CORPORATION, Respondent.

United States Court of Appeals Second Circuit.

Decided October 31, 1960.


Attorney(s) appearing for the Case

Kenneth E. Levin, Atty., Dept. of Justice, Washington, D. C. (Charles K. Rice, Asst. Atty. Gen., and Lee A. Jackson and Harry Baum, Attys., Dept. of Justice, Washington, D. C., on the brief), for petitioner.

H. Gilmer Wells, of Cadwalader, Wickersham & Taft, New York City (Arnold J. Zurcher, Jr., and Charles S. P. Barker, New York City, on the brief), for respondent.

Before CLARK, MAGRUDER, and FRIENDLY, Circuit Judges.


CLARK, Circuit Judge.

Petitioner asserted deficiencies amounting to $88,558.18 in the income and excess profit taxes due from respondent corporation for the year 1951. The Tax Court held that respondent was not a corporation for tax purposes and therefore owed no tax. 32 T.C. 365. This petition for review followed.

In its corporate income tax return for 1951, respondent, following its practice since its incorporation in 1933...

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