Nolde & Horst Co. v. Helvering

RUTLEDGE, Associate Justice.

The appeal is from the District Court’s dismissal of appellant’s complaint by which it sought relief in the nature of mandamus against the appellee.

The Revenue Act of 1936 (Section 602) 1 authorizes payments to be made to holders of floor stocks as of January 6, 1936, consisting of articles processed wholly or in chief value from commodities subject to processing tax under the Agricultural Adjustment Act, 7 U.S.C.A. § 601 et seq. Appellant filed its claim for payments in ac*42cordance with regulations of the Commissioner of Internal Revenue promulgated pursuant to the…