427 F2d 164 Northville Dock Corporation v. Commissioner of Internal Revenue

427 F.2d 164

70-1 USTC P 9404

NORTHVILLE DOCK CORPORATION, Petitioner-Appellee,
v.
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellant.

No. 674, Docket 34055.

United States Court of Appeals, Second Circuit.

Argued May 12, 1970.
Decided May 12, 1970.

Alfred D. Youngwood and James B. Lewis, New York City (Paul, Weiss, Goldberg, Rifkind, Wharton & Weiss, and Robert Thornton Smith, New York City, of counsel), for petitioner-appellee.

Carolyn R. Just, Washington, D.C. (Johnnie M. Walters, Asst. Atty. Gen., Lee A. Jackson, and Grant W. Wiprud, Washington, D.C. of counsel), for respondent-appellant.

Before FRIENDLY and KAUFMAN, Circuit Judges, and BRYAN, District judge.1

PER CURIAM.

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1

We affirm in open court, upon the opinion of Judge Forrester, the decision of the Tax Court of the United States, 52 T.C. 68, finding that two oil tanks placed in service by taxpayer during its Goldberg, Rifkind, Wharton & Garrison for the investment credit under 38 and 46 of the Internal Revenue Code.

1

Of the District Court for the Southern District of New York, sitting by designation