All-Steel Equipment, Inc., Cross-Appellee v. Commissioner of Internal Revenue, Cross-Appellant. All-Steel Equipment, Inc. v. Commissioner of Internal Revenue

467 F.2d 1184

72-2 USTC P 9660

ALL-STEEL EQUIPMENT, INC., Cross-Appellee,

v.

COMMISSIONER OF INTERNAL REVENUE, Cross-Appellant.

ALL-STEEL EQUIPMENT, INC., Appellant,

v.

COMMISSIONER OF INTERNAL REVENUE, Appellee.

Nos. 71-1664, 71-1665.

United States Court of Appeals,

Seventh Circuit.

Argued June 15, 1972.

Decided Sept. 12, 1972.

Arthur E. Bryan, Jr., James M. Roche, and Daniel C. Looney, Chicago, Ill., for All-Steel Equipment Inc.; McDermott, Will & Emery, Chicago, Ill., of counsel.

Scott P. Crampton, Asst. Atty. Gen., Meyer Rothwacks, Thomas L. Stapleton, Donald H. Olson, Attys., Tax Div., Dept. of…