First Securities Corp. v. Clements

Sixth Circuit

First Securities Corp. v. Clements

103 F.2d 1011, 22 A.F.T.R. (P-H) 1171, 1939 U.S. App. LEXIS 3733

CourtCourt of Appeals for the Sixth Circuit

DecidedMay 8, 1939

DocketNos. 7898, 7899

StatusPublished

Cited by1 cases

This text of 103 F.2d 1011 (First Securities Corp. v. Clements) is published on Counsel Stack Legal Research, covering Court of Appeals for the Sixth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

First Securities Corp. v. Clements, 103 F.2d 1011, 22 A.F.T.R. (P-H) 1171, 1939 U.S. App. LEXIS 3733 (6th Cir. 1939).

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Opinion

PER CURIAM.

These consolidated causes were heard upon the transcripts of the record, briefs and arguments of counsel, and it appearing that the Commissioner of Internal Revenue was not required to distribute, allocate or apportion gross income or deductions between appellants and the First National Bank of Memphis, that he was only authorized to do so in case he should determine that such distribution, apportionment or allocation was necessary in order to prevent evasion of taxes or to clearly reflect income, and it not appearing that his refusal to make such distribution, apportionment or alloca[1012]*1012tion in these cases was arbitrary or an abuse of discretion, it is therefore ordered and adjudged that the judgments appealed from be and the same are in all things affirmed.

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PER CURIAM.

These consolidated causes were heard upon the transcripts of the record, briefs and arguments of counsel, and it appearing that the Commissioner of Internal Revenue was not required to distribute, allocate or apportion gross income or deductions between appellants and the First National Bank of Memphis, that he was only authorized to do so in case he should determine that such distribution, apportionment or allocation was necessary in order to prevent evasion of taxes or to clearly reflect income, and it not appearing that his refusal to make such distribution, apportionment or alloca[1012]*1012tion in these cases was arbitrary or an abuse of discretion, it is therefore ordered and adjudged that the judgments appealed from be and the same are in all things affirmed.

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103 F.2d 1011, 22 A.F.T.R. (P-H) 1171, 1939 U.S. App. LEXIS 3733, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-securities-corp-v-clements-ca6-1939.

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