Court of Appeals for the Seventh Circuit April 24, 1941, No. 7533 (H. W. Gossard Co. v. Commissioner)

KERNER, Circuit Judge.

This is a petition for the review of a decision of the Board of Tax Appeals approving the action of the respondent, who found that petitioner was liable for a deficiency income tax for the year 1935 resulting from the disallowance of a portion of a credit taken by petitioner.

Petitioner is a domestic corporation with its principal place of business in Chicago, Illinois.