Case Name: HUNT FOODS AND INDUSTRIES, INC., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Ninth Circuit
Jurisdiction: United States
Decision Date: 1974-05-20
Citations: 496 F.2d 532
Docket Number: No. 72-2440
Parties: HUNT FOODS AND INDUSTRIES, INC., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 496
Pages: 532–532

Head Matter:
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:
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).