Hunt Foods Ind. v. Comm. of Int. Revenue

Full title: HUNT FOODS AND INDUSTRIES, INC., PETITIONER, v. COMMISSIONER OF INTERNAL…

Court: United States Court of Appeals, Ninth Circuit

Date published: May 20, 1974

496 F.2d 532 (9th Cir. 1974)

Opinion

No. 72-2440.

May 20, 1974.

Walter J. Rockler (argued), Julius M. Greisman, Richard L. Hubbard, Arnold Porter, Washington, D.C., Hilbert P. Zarky, Mitchell, Silberberg Knupp, Los Angeles, Cal., Stuart S. Opotowsky, Alan D. Berlin, New York City, for petitioner.

Ernest J. Brown (argued), Scott P. Crampton, Asst. Atty. Gen., Tax Div., U.S. Dept. of Justice, Lee H. Henkel, Jr., Acting Chief Counsel, IRS, Washington, D.C., for respondent.

Mac Asbill, Jr., Jerome B. Libin, David R. Woodward, Washington, D.C., for amicus curiae.

On Appeal from a Decision of the Tax Court of the United States.

Before BROWNING and GOODWIN, Circuit Judges, and NIELSEN,^_ District Judge.

_ Honorable Leland C. Nielsen, United States District Judge, Southern District of California, sitting by designation.

OPINION

PER CURIAM:

The judgment of the Tax Court ( see 57 T.C. 633) is affirmed. Chock Full O'Nuts Corp. v. United States, 453 F.2d 300 (2d Cir. 1971); AMF, Inc. v. United States, 476 F.2d 1351 (Ct.Cl. 1973). See generally, Fleisher Cary, The Taxation of Convertible Bonds and Stocks, 74 Harv.L.Rev. 473 (1961).