Court of Appeals for the Second Circuit January 14, 1929, 89 (Haberle Crystal Springs Brewing Co. v. Clarke)

SWAN, Circuit Judge.

The plaintiff is a Now York corporation, which during its fiscal year ending May 31, 1919, and- for many years prior thereto, was profitably engaged in the manufacture and sale of lager beer and ale. Its taxes for 1919 were computed without allowing any deduction for obsolescence of its good will, due to the imminence of national prohibition legislation.