Credit Alliance Corp. v. Commissioner

Black,

dissenting: I respectfully dissent from the majority opinion. I am unable to agree with the view that subsection (f) is not limited by subsection (h) of section 27, Revenue Act of 1936. My views in that respect harmonize with the views expressed in the opinion of the majority of the court in Centennial Oil Co. v. Thomas, 109 Fed. (2d) 359. Hence, I will only say that I think that case should be followed in our decision of the instant case.

TURNER agrees with this dissent.