NATIONAL RAILWAY T. SERV. CO. v. COMMISSIONER OF INT. REV.

No. 6018.

88 F.2d 904 (1937)

NATIONAL RAILWAY TIME SERVICE CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

February 19, 1937.


Attorney(s) appearing for the Case

Rayford W. Lemley, of Chicago, Ill., for petitioner.

Robert H. Jackson, Asst. Atty. Gen., and Sewall Key and Maurice J. Mahoney, Sp. Assts. to the Atty. Gen., for respondent.

Before SPARKS, Circuit Judge, and LINDLEY and BRIGGLE, District Judges.


SPARKS, Circuit Judge.

This petition seeks to review a decision of the Board of Tax Appeals. It involves a deficiency in petitioner's income taxes for the period of January 1, to August 31, 1930, in the sum of $375.48.

The facts, which are not disputed, are in substance as follows: The taxpayer had been engaged in the wholesale jewelry business since its organization in 1916, and had always used an accrual method of accounting. It had an arrangement with a...

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