Case Name: L. H. PHILO CORPORATION, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Second Circuit
Jurisdiction: United States
Decision Date: 1931-06-08
Citations: 50 F.2d 1079
Docket Number: No. 355
Parties: L. H. PHILO CORPORATION, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 50
Pages: 1079–1079

Head Matter:
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.

Opinion:
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.