In Re Semon

SWAN, Circuit Judge.

John Semon was adjudicated bankrupt on March 9, 1933. In the bankruptcy proceedings the collector of internal revenue for the district of Connecticut filed proof of claim for a deficiency income tax for 1929 assessed against the bankrupt in November, 1931. Interest was claimed at the rate of 12 per cent, per annum from November 12, 1931, to April 29, 1932 (when a receiver in equity was appointed for the bankrupt’s property), and thereafter at the rate of 6 per cent. per annum until payment. The District Court allowed as a priority claim the principal amount of the tax,…