A.J. CROWHURST SONS v. C.I.R., 109 F.2d 131 (3rd Cir. 1940)


No. 7058.Circuit Court of Appeals, Third Circuit.
January 16, 1940.

On Petition for Review of the Decision of the United States Board of Tax Appeals.

Petition by A.J. Crowhurst Sons, Inc., to review a decision of the Board of Tax Appeals redetermining a deficiency in tax imposed by the Commissioner of Internal Revenue.

Decision reversed.

Jesse Bay Robinson, of New York City, for petitioner.

James W. Morris, Asst. Atty. Gen., and Sewall Key and Helen R. Carloss, Sp. Assts. to Atty. Gen., for respondent.

Before BIGGS, MARIS, and CLARK, Circuit Judges.


As counsel for the parties agreed at the argument, the sole question involved in this case is whether the value of its capital stock declared by a corporation in its first return filed under Section 215 of the National Industrial Recovery Act of 1933, 48 Stat. 207, may be changed by an amended return filed by the corporation within the time fixed for filing the original returns as extended by the Commissioner. This question has just been answered in the affirmative by the Supreme Court in Haggar Co. v. Commissioner, 60 S.Ct. 337, 84 L.Ed. ___, reversing the decision of the Circuit Court of Appeals for the Fifth Circuit upon which the respondent relied. Scaife Sons v. Driscoll, 3 Cir., 94 F.2d 664, certiorari denied 305 U.S. 603, 59 S.Ct. 63, 83 L. Ed. 383, also cited by the respondent is to be distinguished, inter alia, by the fact that the amended return in that case was not filed within the time limited by law for filing the original return.

The decision of the Board of Tax Appeals is reversed.