United States Supreme Court Cases & Opinions

U.S. Supreme Court

Textile Mills Securities Corp. v. Commissioner, 314 U.S. 326 (1941)

Textile Mills Securities Corp. v.

Commissioner of Internal Revenue

No. 34

Argued November 10, 1941

Decided December 8, 1941

314 U.S. 326

Syllabus

1. A Circuit Court of Appeals may be composed of all the circuit judges of the circuit in active service, more than three in number, sitting en banc. P. 314 U. S. 333.

2. The expenses of lobbying and propaganda paid by an agent employed to secure legislation from Congress authorizing the recovery of German properties seized during the World War under the Trading with the Enemy Act are not deductible as "ordinary and necessary expenses" of the agent within the meaning of § 23(a) of the Revenue Act of 1928, construed by Art. 262 of Treasury Regulations 74. P. 314 U. S. 335.

117 F.2d 62, affirmed.

Certiorari, 312 U.S. 677, to review a judgment reversing a decision of the Board of Tax Appeals, 38 B.T.A. 623, which had overruled a deficiency assessment based on the disallowance of certain deductions.

Page 314 U. S. 327