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PHILADELPHIA TITLE INS. CO. v. COMMISSIONER OF INTERNAL REVENUE

United States Court of Appeals for the Third Circuit1952-10-22No. No. 10756
199 F.2d 308

Authorities cited

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Opinion

majority opinion

PER CURIAM.

This petition for review of a decision by the Tax Court raises the question of the liability for income tax upon the reserve required of a title insurance company under the Pennsylvania law. We considered the question at length in Wayne Title and Trust. Co. v. Commissioner, 3 Cir., 1951, 195 F.2d 401, and we are not convinced that the taxpayer has shown us any reason for distinguishing that case from this.

The decision of the Tax Court is affirmed.