A. C. Burton & Co. v. Commissioner
United States Tax Court
An acquiring corporation, a general automobile dealership, under the facts, held, entitled to include in its base period net income the income from the handling of installment notes which were received in payment for cars sold during the base period.
1Opinion of the Court
A. C. Burton & Company, a dissolved corporation, acting by and through Beatrice Burton, a feme sole, George E. Ayers, and B. M. Temple, President, Vice President and Treasurer, and Secretary, respectively, and Directors of said corporation at the time of its dissolution, the said Beatrice Burton, George E. Ayers, and B. M. Temple as Trustees of the said A. C. Burton & Company and the said Beatrice Burton as Transferee of the assets of said corporation, Petitioners, v. Commissioner of Internal Revenue, Respondent
A. C. Burton & Co. v. Commissioner
Docket No. 17168
United States Tax Court
18 T.C.…
2Cases cited3 opinions
- A. C. Burton & Co. v. CommissionerUnited States Tax Court · 1950
- A. C. Burton & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- A. C. Burton & Co. v. CommissionerUnited States Tax Court · 1952