Appeal of Consolidated Electric Lamp Co.

Board of Tax Appeals

Appeal of Consolidated Electric Lamp Co.

1 B.T.A. 616

CourtUnited States Board of Tax Appeals

DecidedFebruary 26, 1925

DocketDocket No. 555

StatusPublished

Cited by1 cases

This text of 1 B.T.A. 616 (Appeal of Consolidated Electric Lamp Co.) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of Consolidated Electric Lamp Co., 1 B.T.A. 616 (bta 1925).

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Opinion

[617]*617DECISION.

The taxpayer and the Chicago Electric Lamp Co. were affiliated corporations entitled to file a consolidated return for 1919 under section 240 of the Bevenue Act of 1918.

The taxpayer was not entitled to include in invested capital the item of $45,064.63 claimed by it as paid-in surplus.

The tax should be recomputed in accordance with the foregoing. Final determination will be settled upon ten days’ notice in accordance with Buie 50.

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[617]*617DECISION.

The taxpayer and the Chicago Electric Lamp Co. were affiliated corporations entitled to file a consolidated return for 1919 under section 240 of the Bevenue Act of 1918.

The taxpayer was not entitled to include in invested capital the item of $45,064.63 claimed by it as paid-in surplus.

The tax should be recomputed in accordance with the foregoing. Final determination will be settled upon ten days’ notice in accordance with Buie 50.

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1 B.T.A. 616, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-consolidated-electric-lamp-co-bta-1925.

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