Case Name: McINTYRE LUMBER & EXPORT CO. v. COMMISSIONER OF INTERNAL REVENUE
Court: United States Court of Appeals for the Fifth Circuit
Jurisdiction: United States
Decision Date: 1935-05-21
Citations: 77 F.2d 1006
Docket Number: No. 7458
Parties: McINTYRE LUMBER & EXPORT CO. v. COMMISSIONER OF INTERNAL REVENUE.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 77
Pages: 1006–1006

Head Matter:
McINTYRE LUMBER & EXPORT CO. v. COMMISSIONER OF INTERNAL REVENUE.
No. 7458.
Circuit Court of Appeals, Fifth Circuit.
May 21, 1935.
Geo. E. H. Goodner, of Washington, D. C., for petitioner.
Frank J. Wideman, Asst. Atty. Gen., Maurice J. Mahoney, Sewall Key, and Norman D. Keller, Sp. Assts. to Atty. Gen., and Robert H. Jackson, Asst. Gen. Counsel, Bureau of Internal Revenue, and Hartford Allen, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., for respondent.
Before BRYAN, FOSTER, and WALKER, Circuit' Judges.

Opinion:
PER CURIAM.
The petitioner sought a redetermination of an income tax deficiency assessed against it for the year 1930. The proceeding was consolidated for hearing by the Board of Tax Appeals with proceedings involving deficiency assessments made against E. D. Flynn and W. W. Cleveland, as assignees of the petitioner.' The facts pertinent to the questions involved in the instant case are set out in the opinion rendered in the case of Flynn v. Commissioner of Internal Revenue (C. C. A.) 77 F.(2d) 180; the petitioner in the instant case being the taxpayer transferor referred to in that opinion.
The petitioner contends: (1) That, in the circumstances disclosed in the statement referred to, the amount received by it in 1930 under the award of the Mixed Claims Commission was not taxable income; and (2) that that amount was not taxable against petitioner. for 1930, because petitioner was on the accrual basis of accounting, and its rights under the award accrued prior to the year 1930.
Following the decision rendered in the above-cited case, both those contentions must be adversely disposed of.
The petition is denied.