1. Home
  2. Browse Decisions
  3. F.2d
  4. 348 F.2d
  5. 348 F.2d 456 (1965)
 

FENCO, INC. v. UNITED STATES

No. 9916.

348 F.2d 456 (1965)

FENCO, INC., a corporation, Appellant, v. UNITED STATES of America, Appellee.

United States Court of Appeals Fourth Circuit.

Decided June 28, 1965.

Attorney(s) appearing for the Case

P. McEvoy Cromwell and William H. Gorman, II, Baltimore, Md. (Hilary W. Gans, Baltimore, Md., on brief), for appellant.

Miss Jeanine Jacobs, Attorney, Department of Justice (Louis F. Oberdorfer, Asst. Atty. Gen., and Lee A. Jackson and Melva M. Graney, Attorneys, Department of Justice, and Thomas J. Kenney, U. S. Atty., and Robert W. Kernan, Asst. U. S. Atty., on brief), for appellee.

Before BRYAN and BELL, Circuit Judges, and BARKSDALE, District Judge.

PER CURIAM:

Accumulated earnings taxes under §§ 531-533, Internal Revenue Code of 1954 were assessed by the Commissioner against Fenco, Inc. who now appeals the judgment of the District Court upholding the assessment. Whether "the earnings and profits of [the] corporation [were] permitted to accumulate beyond the reasonable needs of the business * * * to avoid the income tax with respect to shareholders" was in this case largely a factual determination....

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases