Pepsi-Cola Niagara Bottling Corp. v. Commissioner
United States Tax Court
Held, profit-sharing plan for all regular salaried employees of petitioner was not discriminatory in favor of officers, stockholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees, and petitioner's contributions to a trust created as a part of the plan are deductible.
1Opinion of the Court
Pepsi-Cola Niagara Bottling Corporation, Petitioner v. Commissioner of Internal Revenue, Respondent
Pepsi-Cola Niagara Bottling Corp. v. Commissioner
Docket No. 3694-65
United States Tax Court
48 T.C. 75; 1967 U.S. Tax Ct. LEXIS 115;
April 26, 1967, Filed
Decision will be entered under Rule 50.
Held, profit-sharing plan for all regular salaried employees of petitioner was not discriminatory in favor of officers, stockholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees, and petitioner's contributions to a trust created as a part…
2Cases cited7 opinions
- Miles v. Safe Deposit & Trust Co. of BaltimoreSupreme Court of the United States · 1922
- H. S. D. Co. v. Kavanagh, Collector of Internal RevenueCourt of Appeals for the Sixth Circuit · 1951
- Pepsi-Cola Niagara Bottling Corp. v. CommissionerUnited States Tax Court · 1967
- Ryan School Retirement Trust v. CommissionerUnited States Tax Court · 1955
- Harrow-Taylor Butter Co. v. CrooksCourt of Appeals for the Eighth Circuit · 1930
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