RALPH W. FULLERTON CO. v. UNITED STATES

No. 74-2979.

550 F.2d 548 (1977)

RALPH W. FULLERTON COMPANY, Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

March 24, 1977.


Attorney(s) appearing for the Case

Charles P. Duffy, argued, Portland, Or., for plaintiff-appellant.

Scott P. Crampton, Asst. Atty. Gen., Murray S. Horwitz, Atty., argued, Tax Div., Dept. of Justice, Washington, D. C., for defendant-appellee.

Before MERRILL and TRASK, Circuit Judges, and BATTIN, District Judge.


MERRILL, Circuit Judge:

Appellant taxpayer has brought this suit for refund of federal income taxes plus interest for the years 1969 and 1970 in the total sum of $13,888.50. It has taken this appeal from judgment of the district court in favor of the United States. Presented is the question of its right to take a loss deduction for accounts that formed part of a purchased customer list where the customer subsequently ceased...

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