Opinion
No. 308.
July 7, 1941.
Appeal from an order of the Board of Tax Appeals expunging a deficiency in income tax for the year 1934.
Carolyn E. Agger, of Washington, D.C., Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key and Lee A. Jackson, Sp. Assts. to Atty. Gen., for petitioner.
Farnsworth L. Jennings, of New York City (Kenneth H. Hannan and Albert J. Snook, both of New York City, of counsel), for respondent.
Before L. HAND, SWAN and AUGUSTUS N. HAND, Circuit Judges.
Order, 40 B.T.A. 1145, reversed on the authority of Helvering v. Eubank, 311 U. S. 122, 61 S.Ct. 149, 85 L.Ed. 81, and Helvering v. Horst, 311 U.S. 112, 61 S.Ct. 144, 85 L.Ed. 75, 131 A.L.R. 655.