Advertisers Exchange, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent, 240 F.2d 958 (2d Cir. 1957)Annotate this Case
Decided February 18, 1957
Advertisers Exchange, Inc., petitions for review of a decision of the Tax Court of the United States, 25 T.C. 1086, sustaining the Commissioner of Internal Revenue in determining deficiencies in its income and excess profits taxes for 1945 and 1946, based on his rejection, pursuant to I.R.C.1939, §§ 41 and 42 (a), 26 U.S.C.A. §§ 41, 42(a), of its change in method of accounting of its accruing receipts under its advertising service contracts with its customers.
Edward First, of Guggenheimer & Untermyer, New York City (Marvin Ross, of Guggenheimer & Untermyer, New York City, and Allen G. Gartner, Washington, D. C., on the brief), for petitioner.
L. W. Post, Atty., Dept. of Justice, Washington, D. C. (Charles K. Rice, Asst. Atty. Gen., and Lee A. Jackson and I. Henry Kutz, Attys., Dept. of Justice, Washington, D. C., on the brief), for respondent.
Before CLARK, Chief Judge, and LUMBARD and WATERMAN, Circuit Judges.
Affirmed on the decision of Judge Van Fossan, 25 T.C. 1086.