November 5, 1934
Messrs. John H. Jackson, of New York City, and H. H. Shelton, of Washington, D.C., for petitioner.
The Attorney General and Mr. Angus D. MacLean, Asst. Sol. Gen., of Washington, D.C., for respondent.
Mr. Justice SUTHERLAND delivered the opinion of the Court.
This is a companion case to No. 10 (Helvering v. Stockholms Enskilda Bank, 293 U.S. 84 , 55 S.Ct. 50), just decided. The facts, although differing in detail, are in substance the same. The same questions are involved. The court below reversed the Board of Tax Appeals for reasons substantially similar to those we have just expressed in No. 10 (C.C.A.) 69 F. (2d) 528. Upon the authority of No. 10, the judgment below is