Case ID: f2d_50/html/1079-01.html
Source: Caselaw Access Project
Author: {"author": "PER CURIAM.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

L. H. PHILO CORPORATION, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
    No. 355.
    Circuit Court of Appeals, Second Circuit.
    June 8, 1931.
    W. A. Seifert, of Pittsburgh, Pa., and M. N. Fisher, of Washington, D. C. (Davis, Polk, Wardwell, Gardiner & Reed, of New York City, and Smith, Shaw, McClay & Sei-fert, of Pittsburgh, Pa., of counsel), for petitioner.
    G. A. Youngquist, Asst. Atty. Gen., and Helen R. Carloss and Sewall Key, Sp. Assts. to Atty. Gen. (C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and William E. Davis, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.
    Before L. HAND, AUGUSTUS N. HAND, and CHASE, Circuit Judges.
   PER CURIAM.

In accordance with the confession of error of the respondent, the depreciation of the petitioner’s assets for the years 1924 and 1925 should be based upon the sum, $70,348.-62. Otherwise the order is affirmed.