Manufacturers Trust Co. v. Commissioner
United States Board of Tax Appeals
The petitioner, a national banking association, was consolidated with the Metropolitan National Bank on March 15, 1925, and the consolidated association continued under the charter of the petitioner.
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The petitioner, a national banking association, was consolidated with the Metropolitan National Bank on March 15, 1925, and the consolidated association continued under the charter of the petitioner. Thereafter, the petitioner reported in a single return for the calendar year 1925 its own income and deductions for the period January 1 to March 15, 1925, also the income and deductions of the Metropolitan Bank for the same period, and the income and deductions of the consolidated association for the remainder of the year. Held, that the single return filed by the petitioner improperly included…
1Opinion of the Court
MANUFACTURERS TRUST COMPANY (FORMERLY CHATHAM PHENIX NATIONAL BANK & TRUST COMPANY), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Manufacturers Trust Co. v. Commissioner
Docket No. 46073.
United States Board of Tax Appeals
28 B.T.A. 1260; 1933 BTA LEXIS 1022;
August 29, 1933, Promulgated
The petitioner, a national banking association, was consolidated with the Metropolitan National Bank on March 15, 1925, and the consolidated association continued under the charter of the petitioner. Thereafter, the petitioner reported in a single return for the calendar year 1925 its own income and…
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- Overbrook Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1931
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