Gulftex Drug Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent, 261 F.2d 238 (5th Cir. 1958)Annotate this Case
Petition for Review of Decision of the Tax Court of the United States (District of Texas).
Leonard L. Scott, W. S. Miller, Jr., E. Chas. Eichenbaum, Little Rock, Ark., for petitioner.
John J. Pajak, Harry Baum, Dept. of Justice, Washington, D. C., John M. Morawski, Sp. Atty., I.R.S., Washington, D. C., Arch M. Cantrall, Chief Counsel, I.R.S., Washington, D. C., Lee A. Jackson, Atty. Dept. of Justice, Washington, D. C., Charles K. Rice, Asst. Atty. Gen., for respondent.
Before TUTTLE, JONES and WISDOM, Circuit Judges.
The facts of this case, the problem presented, and the solution of the problem are set forth in the opinion of the Tax Court, 29 T.C. 118. Finding ourselves in accord with the conclusion reached by the Tax Court, its decision is