315 U.S. 185 315 U.S. 185 62 S.Ct. 544 86 L.Ed. 785 PALM SPRINGS HOLDING CORPORATIONv.COMMISSIONER OF INTERNAL REVENUE. No. 503. Argued Jan. 16, 1942. Decided Feb. 2, 1942. Mr. Thomas R. Dempsey, of Los Angeles, Cal., and Mr. John E. Hughes, of Chicago, Ill., for petitioner. Samuel O. Clark, Jr., Asst. Atty. Gen., for […]