Trans World Airlines, Inc. v. Civil Aeronautics Board

PRETTYMAN, Circuit Judge.

This is a mail pay case. Under a statute Trans World Airlines, Inc., was entitled to compensation for transporting mail, the amount to be fixed by the Civil Aeronautics Board under statutory standards and directions. The Postmaster General was a party to the proceeding, protagonist of the Government’s interest as responsible for the carrying of the mail. A real dispute developed upon a number of items. Principal among these was the treatment of the federal income tax resultant from an emergency facility amortization deduction under Section 124 of the then Internal…