Atlas Supply Co. v. Commissioner

ATLAS SUPPLY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Atlas Supply Co. v. Commissioner

Docket No. 101323.

United States Board of Tax Appeals

43 B.T.A. 324; 1941 BTA LEXIS 1515;

January 15, 1941, Promulgated

For the purposes of the credit provided by section 26(c)(1) of the Revenue Act of 1936, a corporate bylaw, as such, is not a "written contract executed by the corporation." Davision-Joseph Campau Realty Co.,41 B.T.A. 675, followed.

Frederick L. Pearce, Esq., for the petitioner.

Chester A. Gwinn, Esq., and L. W. Creason, Esq., for the erspondent.

LEECH

This is a…