Middlesex Ice Co. v. Commissioner
United States Board of Tax Appeals
CONSOLIDATED INVESTED CAPITAL. - No part of an existing surplus of one member of an affiliated group of corporations may be eliminated from the consolidated invested capital where such surplus or any part thereof is not shown to be duplicated in the accounts of one or more of the affiliated group.
1Opinion of the Court
MIDDLESEX ICE CO., FRESH POND ICE CO., AND CAMBRIDGE ICE CO., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Middlesex Ice Co. v. Commissioner
Docket No. 7282.
United States Board of Tax Appeals
9 B.T.A. 156; 1927 BTA LEXIS 2650;
November 18, 1927, Promulgated
CONSOLIDATED INVESTED CAPITAL. - No part of an existing surplus of one member of an affiliated group of corporations may be eliminated from the consolidated invested capital where such surplus or any part thereof is not shown to be duplicated in the accounts of one or more of the affiliated group.
Henry Herrick Bond, Esq., for…
2Cases cited1 opinion
- Middlesex Ice Co. v. CommissionerUnited States Board of Tax Appeals · 1927