Consolidated Electric Lamp Co. v. Commissioner

Board of Tax Appeals

Consolidated Electric Lamp Co. v. Commissioner

1 B.T.A. 616, 1925 BTA LEXIS 2855

CourtUnited States Board of Tax Appeals

DecidedFebruary 26, 1925

DocketDocket No. 555.

StatusPublished

This text of 1 B.T.A. 616 (Consolidated Electric Lamp Co. v. Commissioner) 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

Consolidated Electric Lamp Co. v. Commissioner, 1 B.T.A. 616, 1925 BTA LEXIS 2855 (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, 1925 BTA LEXIS 2855, Counsel Stack Legal Research, https://law.counselstack.com/opinion/consolidated-electric-lamp-co-v-commissioner-bta-1925.

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