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Franklin v. United States

Circuit Court of Appeals, Third Circuit
May 29, 1936
83 F.2d 1010 (3d Cir. 1936)

Opinion

No. 5957.

May 29, 1936.

Appeal from the District Court of the United States for Western District of Pennsylvania.

For opinion below, see 12 F. Supp. 286.

George D. Wick, George Walter Smith, and Campbell, Wick, Houck Thomas, all of Pittsburgh, Pa., for appellants.

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key, John MacC. Hudson, and Joseph M. Jones, Sp. Assts. to Atty. Gen., for the United States.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.


In this income tax case it appears the taxpayer corporation, the Keystone Stores Corporation, claimed to deduct as a loss in its income for 1928 losses made by the Keystone Grocery Company. The Commissioner rejected such claim and, on distribution of the assets of the taxpayer corporation under a receivership in the court below, presented such claim. The matter was referred to a master, who reported the loss was deductible from taxpayer's income, but the court differed from the master and held the loss was not deductible, filing an opinion which stated and discussed in detail and at length the somewhat complicated facts.

In view of the fact that a further opinion would be but a labored attempt to marshal in different language what was so well stated in the trial judge's opinion, and as the case turns on its own individual facts, we limit ourselves to affirming the case on the opinion below.


Summaries of

Franklin v. United States

Circuit Court of Appeals, Third Circuit
May 29, 1936
83 F.2d 1010 (3d Cir. 1936)
Case details for

Franklin v. United States

Case Details

Full title:George L. FRANKLIN, Receiver of Keystone Stores Corp., and Armour Company…

Court:Circuit Court of Appeals, Third Circuit

Date published: May 29, 1936

Citations

83 F.2d 1010 (3d Cir. 1936)