Transit Buses, Inc. v. Commissioner
United States Tax Court
In 1936 Ford Motor Company began the production and sale of Ford transit buses. Ford manufactured the chassis, had the body built thereon by Union City Body Company, and sold the completed buses through its transit bus dealer organization. Early in 1941 the petitioner was organized. It contracted with Ford to buy transit bus chassis and with Union City Body Company to build the bodies thereon.
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In 1936 Ford Motor Company began the production and sale of Ford transit buses. Ford manufactured the chassis, had the body built thereon by Union City Body Company, and sold the completed buses through its transit bus dealer organization. Early in 1941 the petitioner was organized. It contracted with Ford to buy transit bus chassis and with Union City Body Company to build the bodies thereon. It then sold the completed buses through its transit bus dealer organization which it had taken over from Ford. The fair and just amount representing normal earnings to be used as the petitioner's…
1Opinion of the Court
Transit Buses, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Transit Buses, Inc. v. Commissioner
Docket No. 27956
United States Tax Court
20 T.C. 999; 1953 U.S. Tax Ct. LEXIS 68;
September 16, 1953, Promulgated
Decision will be entered under Rule 50.
In 1936 Ford Motor Company began the production and sale of Ford transit buses. Ford manufactured the chassis, had the body built thereon by Union City Body Company, and sold the completed buses through its transit bus dealer organization. Early in 1941 the petitioner was organized. It contracted with Ford to buy transit bus chassis…
2Cases cited3 opinions
- Lamar Creamery Co. v. CommissionerUnited States Tax Court · 1947
- East Texas Motor Freight Lines v. CommissionerUnited States Tax Court · 1946
- Transit Buses, Inc. v. CommissionerUnited States Tax Court · 1953