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GENERAL ALLOY CASTING v. C.I.R

United States Court of Appeals, Third Circuit.
Jun 7, 1965

PER CURIAM.

The record in this case warrants the Tax Court's determination that the contributions made to the taxpayer by its two principal stockholders were contributions to equity capital rather than true indebtedness. Since we perceive no error in the proceedings, the decision of the Tax Court will be affirmed.