CONSUMERS CREDIT RURAL ELECTRIC COOPERATIVE CORPORATION v. COMMISSIONER

Docket No. 82879.

23 T.C.M. 149 (1964)

T.C. Memo. 1964-29

Consumers Credit Rural Electric Cooperative Corporation v. Commissioner.

United States Tax Court.

Filed February 7, 1964.


Attorney(s) appearing for the Case

Philip P. Ardery, Kentucky Home Life Bldg., Louisville, Ky., for the petitioner. Arthur Clark, Jr., for the respondent.


Memorandum Opinion

MULRONEY, Judge:

The case is presently before us on a remand by the Court of Appeals for the Sixth Circuit [63-2 USTC ¶ 9583]. Our original Findings of Fact and Opinion in this proceeding was reported in [Dec. 25,105] 37 T.C. 136. The case involves petitioner's 1957 income tax. In the operation of its business petitioner acquired notes and conditional sales contracts executed by appliance purchasers...

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