V. Loewers Gambrinus Brewery Co. v. Anderson, 282 U.S. 638 (1931)

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V. Loewers Gambrinus Brewery Co. v. Anderson


No. 352


Argued January 22, 1931
Decided February 24, 1931
282 U.S. 638

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT

In calculating its net income and profits taxes for the years 1918 and 1919, a brewing company was entitled, under § 234(a)(7) of the Revenue Act of 1918, to a reasonable allowance for obsolescence of its buildings resulting from the imminence and taking effect of prohibition. Clarke v. Haberle Brewing Co., 280 U.S. 384, distinguished. P. 641.

42 F.2d 216 reversed.

District court affirmed.

Certiorari, post, p. 823, to review a judgment of the circuit court of appeals which reversed a judgment for the Brewery Company in the district court in its action to recover money illegally collected as income and profits taxes.