Commissioner of Internal Revenue v. Godfrey

MANTON, Circuit Judge.

These eases will be considered in one opinion. In 1918, the Yalelms Corporation’s income and profits tax was $95,580, a claim for which is asserted against the respondents, ■ stockholders, officers, and transferees of the property of the corporation. Section 280, Revenue Act of 1926, 44 Stat. 9, 61 (26 USCA § 1069). The question presented on this appeal is whether or not the statute of limitations has barred the assessment of the taxes, or any part thereof, against the respondents as such transferees, under the act. The First National Bank of Bridgeport, Conn., is…