Autocar Co. v. Commissioner
United States Board of Tax Appeals
In determining the taxable income of the petitioner and its subsidiary companies for 1928, intercompany transactions may not be disregarded for the purpose of reallocating a consolidated net loss for 1926 and making such net loss available for deduction by the several affiliated companies in 1928.
1Opinion of the Court
THE AUTOCAR COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Autocar Co. v. Commissioner
Docket No. 60565.
United States Board of Tax Appeals
31 B.T.A. 361; 1934 BTA LEXIS 1108;
October 17, 1934, Promulgated
In determining the taxable income of the petitioner and its subsidiary companies for 1928, intercompany transactions may not be disregarded for the purpose of reallocating a consolidated net loss for 1926 and making such net loss available for deduction by the several affiliated companies in 1928.
J. Marvin Haynes, Esq., W. C. Magathan, Esq., C. J. McGuire, Esq., and Albert…
2Cases cited11 opinions
- Woolford Realty Co. v. RoseSupreme Court of the United States · 1932
- Black v. RockmoreTexas Supreme Court · 1878
- I. & G. N. R. R. Co. v. GordonTexas Supreme Court · 1888
- Smith v. PowerTexas Supreme Court · 1847
- Drawoh, Inc. v. CommissionerUnited States Board of Tax Appeals · 1933
6 more not listed; retrieve them via the Exa API.