Case Name: GENERAL PLASTICS, Inc., v. COMMISSIONER OF INTERNAL REVENUE
Court: United States Court of Appeals for the Second Circuit
Jurisdiction: United States
Decision Date: 1944-11-16
Citations: 145 F.2d 731
Docket Number: No. 14
Parties: GENERAL PLASTICS, Inc., v. COMMISSIONER OF INTERNAL REVENUE.
Judges: Before SWAN, AUGUSTUS N. HAND, and FRANK, Circuit Judges.
Reporter: Federal Reporter 2d Series
Volume: 145
Pages: 731–732

Head Matter:
GENERAL PLASTICS, Inc., v. COMMISSIONER OF INTERNAL REVENUE.
No. 14.
Circuit Court of Appeals, Second Circuit.
Nov. 16, 1944.
Harry Abt, of Buffalo, N. Y., for petitioner.
Samuel O. Clark, Jr., Asst. Atty. Gen., Sewall Key, A. F. Prescott, and Spurgeon Avakian, Sp. Assts. to the Atty. Gen., for respondent.
Before SWAN, AUGUSTUS N. HAND, and FRANK, Circuit Judges.

Opinion:
FRANK, Circuit Judge.
We think the Tax Court was right. In Phillips v. Commissioner, 3 Cir., 134 F.2d 73, the taxpayer lost, although the identity of the creditor was changed and here it was not, so that the taxpayer's case here is weaker. We approved the ruling of the Phillips case in Commissioner v. Grant Trading Co., 2 Cir., 135 F.2d 358.
Affirmed.