Case Name: JEFFERSON STANDARD LIFE INSURANCE COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Fourth Circuit
Jurisdiction: United States
Decision Date: 1936-06-11
Citations: 83 F.2d 1012
Docket Number: No. 4018
Parties: JEFFERSON STANDARD LIFE INSURANCE COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 83
Pages: 1012–1012

Head Matter:
JEFFERSON STANDARD LIFE INSURANCE COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
No. 4018.
Circuit Court of Appeals, Fourth Circuit.
June 11, 1936.
Julius C. Smith, of Greensboro, N. C., for petitioner.
Helen R. Carloss, Sp. Asst, to Atty. Gen. (Robert H. Jackson, Asst. Atty. Gen., and Sewall Key, Sp. Asst, to Atty. Gen., on „ brief), for respondent.
John W. Townsend, of Washington, D. C., amicus curias.
Before PARKER, NORTHCOTT, and SOPER, Circuit Judges.

Opinion:
PER CURIAM.
On the authority of Helvering v. Independent Life Ins. Co., 292 U.S. 371, 54 S.Ct. 758, 78 L.Ed. 1311, we are of opinion that the decision of the Board of Tax Appeals in this case should be reversed'. We are also of opinion that, as it is admitted by both sides and found by the Board that the book value of the home office building should have been $2,940,018.47 instead of $3,069,498.47, the deficiency properly assessable against the taxpayer for the year 1927 was $802.22. The decision appealed from will be modified accordingly.
Reversed.