Glidden Co. v. Glander

Appellee in its brief defines the issue as follows:

“The issue here is whether the findings of the Board of Tax Appeals holding the government obligation here involved as ‘stocks, bonds, treasury notes and other obligations of the United States’ ” to be exempt from taxation by or under state or municipal or local authority “was illegal or an abuse of discretion.”' (Title 31, Section 742, U. S. Code, Section 3701, United States Eevised Statutes.)

Appellee’s claim for refund grew out of the acceleration of depreciation from five years to approximately three years of war facilities installed by…