RODNEY, District Judge.
This matter in general concerns the question as to whether interest on cumulative collateral trust notes, which interest is unpaid at the time of a "flat" purchase of the notes, will, on a subsequent payment of the interest, be considered as income in the hands of the purchaser and returnable as income in a tax return or be considered as a return of a portion of the capital investment.
The matter is submitted on complaint, answer and...
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