Shaffer Terminals, Inc. v. Commissioner of Internal Revenue

This case is affirmed for the reasons given by the Tax Court. 16 T.C. 356 . Consult also subsequently decided cases of Armston Co. v. C. I. R., 5 Cir., 188 F.2d 531 , and White v. Fitzpatrick, 2 Cir., 193 F.2d 398 .