Case ID: f2d_496/html/0532-01.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

HUNT FOODS AND INDUSTRIES, INC., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
    No. 72-2440.
    United States Court of Appeals, Ninth Circuit.
    May 20, 1974.
    Walter J. Rockier (argued), Julius M. Greisman, Richard L. Hubbard, Arnold & Porter, Washington, D. C., Hilbert P. Zarky, Mitchell, Silberberg & Knupp, Los Angeles, Cal., Stuart S. Opotowsky, Alan D. Berlin, New York City, for petitioner.
    Ernest J. Brown (argued), Scott P. Crampton, Asst. Atty. Gen., Tax Div., U. S. Dept, of Justice, Lee H. Henkel, Jr., Acting Chief Counsel, IRS, Washington, D. C., for respondent.
    Mac Asbill, Jr., Jerome B. Libin, David R. Woodward, Washington, D. C., for amicus curiae.
    Before BROWNING and GOODWIN, Circuit Judges, and NIELSEN, District Judge.
    
      
       Honorable Leland C. Nielsen, United States District Judge, Southern District of California, sitting by designation.
    
   OPINION

PER CURIAM:

The judgment of the Tax Court (see 57 T.C. 633) is affirmed. Chock Full O’Nuts Corp. v. United States, 453 F.2d 300 (2d Cir. 1971); AMF, Inc. v. United States, 476 F.2d 1351 (Ct.C1.1973). See generally, Fleisher & Cary, The Taxation of Convertible Bonds and Stocks, 74 Harv.L.Rev. 473 (1961).