Joy Manufacturing Company v. Commissioner of Internal Revenue

230 F.2d 740

JOY MANUFACTURING COMPANY, Petitioner,

v.

COMMISSIONER OF INTERNAL REVENUE, Respondent.

No. 11696.

United States Court of Appeals Third Circuit.

Argued November 17, 1955.

Decided February 29, 1956.

Harold R. Schmidt, Pittsburgh, Pa. (Don Rose, Rose, Rose & Houston, Pittsburgh, Pa., on the brief), for petitioner.

David O. Walter, Washington, D. C., (H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack, Attys., Dept. of Justice, Washington, D. C., on the brief), for respondent.

Before BIGGS, Chief Judge, and KALODNER and HASTIE, Circuit Judges.

HASTIE, Circuit Judge.

1

In determining a deficiency…