ACKERMAN v. COMMISSIONER
United States Board of Tax Appeals
1. The petitioner during the taxable year was a member of a partnership which held substantially all of the common voting stock of an operating corporation.
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1. The petitioner during the taxable year was a member of a partnership which held substantially all of the common voting stock of an operating corporation. Petitioner's contention that the accounts of the partnership and of the corporation should be consolidated, pursuant to the provisions of sections 240(d) and 240(f) of the Revenue Acts of 1924 and 1926, denied, in the absence of proof of the necessity for such consolidation of accounts and the facts essential for making an accurate and equitable apportionment of income and expense between the two related businesses. Roessler & Hasslacher…
1Opinion of the Court
ABE ACKERMAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ACKERMAN v. COMMISSIONER
Docket No. 43295.
United States Board of Tax Appeals
27 B.T.A. 413; 1932 BTA LEXIS 1069;
December 22, 1932, Promulgated
1. The petitioner during the taxable year was a member of a partnership which held substantially all of the common voting stock of an operating corporation. Petitioner's contention that the accounts of the partnership and of the corporation should be consolidated, pursuant to the provisions of sections 240(d) and 240(f) of the Revenue Acts of 1924 and 1926, denied, in the absence of…
2Cases cited3 opinions
- Western Hide & Fur Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Roessler & Hasslacher Chemical Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- ACKERMAN v. COMMISSIONERUnited States Board of Tax Appeals · 1932