Wright Cake Co. v. Commissioner

Board of Tax Appeals

Wright Cake Co. v. Commissioner

2 B.T.A. 58, 1925 BTA LEXIS 2566

CourtUnited States Board of Tax Appeals

DecidedJune 12, 1925

DocketDocket No. 1197.

StatusPublished

This text of 2 B.T.A. 58 (Wright Cake 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

Wright Cake Co. v. Commissioner, 2 B.T.A. 58, 1925 BTA LEXIS 2566 (bta 1925).

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Opinion

[59]*59OPINION.

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]*59OPINION.

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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Bluebook (online)

2 B.T.A. 58, 1925 BTA LEXIS 2566, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wright-cake-co-v-commissioner-bta-1925.

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