Crossett Western Co. v. Commissioner of Internal Revenue

DAVIS, Circuit Judge.

This petition involves the liability of the Crossett Western Company, the petitioner, for deficiencies assessed by the Commissioner in income taxes for the years 1924 and 1929. The Board of Tax Appeals approved the deficiency assessments. 27 B. T. A. 258.

Erom 1924 to 1930, the petitioner carried on extensive operations in lumber and allied businesses in the states of Oregon and Washington. Another corporation, the Gates Creek Logging Company, hereinafter called the Gates Company, was engaged in logging *308timberlands in Oregon. The Gates Company was managed, ’and was…