Ballester v. Descartes, Treasurer of Puerto Rico

MAGRUDER, Chief Judge.

We are concerned here with the individual taxability of a partner in a Puertp Rican commercial partnership upon his fixed share of partnership profits determined for the calendar years 1941 and 1942, which profits were placed by decision of the partners in special firm accounts and neither distributed to the partners nor credited to their respective personal accounts. The Supreme Court of Puerto Rico has upheld the tax, under its interpretation of the insular income tax law; and, it -'has further held that the tax as so applied is not in violation of the due process and…