Appeal of Wright Cake Co.

Board of Tax Appeals

Appeal of Wright Cake Co.

2 B.T.A. 58

United States Board of Tax Appeals·Decided June 12, 1925·No. Docket No. 1197·Published·Cited by 1 cases

Opinion

[59] OPINION.

Lansdon:

In the light of the evidence the Board is of the opinion that the taxpayer and L. C. Wright Baking Co., Inc., constituted a business unit during the year 1918. Substantially all the stock of the two corporations was owned by the same interests. The determination of the Commissioner requiring the two corporations involved to; make a consolidated income and profits-tax return for the calendar year 1918 under the provisions of section 240 (b) of the Revenue Act of 1918, retroactive to January 1 of that year, is approved,

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[59] OPINION.

Lansdon:

In the light of the evidence the Board is of the opinion that the taxpayer and L. C. Wright Baking Co., Inc., constituted a business unit during the year 1918. Substantially all the stock of the two corporations was owned by the same interests. The determination of the Commissioner requiring the two corporations involved to; make a consolidated income and profits-tax return for the calendar year 1918 under the provisions of section 240 (b) of the Revenue Act of 1918, retroactive to January 1 of that year, is approved,

Appeal of Wright Cake Co., 2 B.T.A. 58 (bta 1925).

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2 B.T.A. 58 (Appeal of Wright Cake Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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