General Plastics, Inc. v. Commissioner

U.S. Court of Appeals for the Second Circuit November 16, 1944

General Plastics, Inc. v. Commissioner, 145 F.2d 731 (2d Cir. 1944)

33 A.F.T.R. (P-H) 117; 1944 U.S. App. LEXIS 2637; 33 A.F.T.R. (RIA) 117

Opinion of the Court

FRANK, Circuit Judge.

We think the Tax Court was right. In Phillips v. Commissioner, 3 Cir., 134 F.2d 73, the taxpayer lost, although the identity of the creditor was changed and here it was not, so that the taxpayer’s case here is weaker. We approved the ruling of the Phillips case in Commissioner v. Grant Trading Co., 2 Cir., 135 F.2d 358.

Affirmed.

Reference

Full Case Name: GENERAL PLASTICS, Inc. v. COMMISSIONER OF INTERNAL REVENUE
Status: Published