Textile Mills Securities Corp. v. Commissioner, 314 U.S. 326 (1941)

Please note: this case begins in mid-page. It therefore shares a citation with the last page of the previous case. If you are attempting to follow a link to the last page of 314 U.S. 314, click here.

Textile Mills Securities Corp. v.


Commissioner of Internal Revenue
No. 34


Argued November 10, 1941
Decided December 8, 1941
314 U.S. 326

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT

Syllabus

1. A Circuit Court of Appeals may be composed of all the circuit judges of the circuit in active service, more than three in number, sitting en banc. P. 333.

2. The expenses of lobbying and propaganda paid by an agent employed to secure legislation from Congress authorizing the recovery of German properties seized during the World War under the Trading with the Enemy Act are not deductible as "ordinary and necessary expenses" of the agent within the meaning of § 23(a) of the Revenue Act of 1928, construed by Art. 262 of Treasury Regulations 74. P. 335.

117 F.2d 62, affirmed.

Certiorari, 312 U.S. 677, to review a judgment reversing a decision of the Board of Tax Appeals, 38 B.T.A. 623, which had overruled a deficiency assessment based on the disallowance of certain deductions.