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

General Plastics, Inc. v. Commissioner

General Plastics, Inc. v. Commissioner
U.S. Court of Appeals for the Second Circuit · Decided November 16, 1944 · Frank, Hand, Swan
145 F.2d 731; 33 A.F.T.R. (P-H) 117; 1944 U.S. App. LEXIS 2637; 33 A.F.T.R. (RIA) 117 (Federal Reporter, Second Series)

General Plastics, Inc. v. Commissioner

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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.

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