TRANSPORT MANUFACTURING & EQUIPMENT CO. v. C. I. R.

Nos. 19695, 19696.

434 F.2d 373 (1970)

TRANSPORT MANUFACTURING & EQUIPMENT COMPANY, a Delaware Corporation, Transferee, Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee. TRANSPORT MANUFACTURING & EQUIPMENT COMPANY, an Illinois Corporation, Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.

United States Court of Appeals, Eighth Circuit.

As Amended On Rehearing November 5, 1970.


Attorney(s) appearing for the Case

Guy A. Magruder, Jr., Kansas City, Mo., for appellants, and filed brief and reply brief.

Daniel B. Rosenbaum, Atty., Dept. of Justice, Washington, D. C., for appellee, and filed brief; Johnnie M. Walters, Asst. Atty. Gen., and Meyer Rothwacks and Michael B. Arkin, Attys., were on the brief.

Before BLACKMUN, MEHAFFY and LAY, Circuit Judges.


LAY, Circuit Judge.

Two appeals have been lodged by taxpayers from adverse decisions of the Tax Court. They have been consolidated for review in this court. The petitioner contests in No. 19,696 the Tax Court's decision (T.C. Memo. 1964-190) upholding the Commissioner's disallowance of certain deductions for unreasonable compensation, non-business expenses and capital expenditures. In No. 19,695 the taxpayer contests the Tax Court...

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