First Chrold Corporation v. Commissioner of Internal Revenue

Mr. John E. McClure, of Washington, D.C., for petitioner.

Messrs. Robert H. Jackson, Sol. Gen., James W. Morris, Asst. Atty. Gen., and Sewall Key, Paul A. Freund, and Morton K. Rothschild, Sp. Assts. to Atty. Gen., for respondent.

Mr. Justice ROBERTS delivered the opinion of the Court.