Crawford County Printing & Pub. Co. v. Commissioner
United States Tax Court
Held: That petitioner did not accumulate its surplus or profits beyond the reasonable needs of its business and, accordingly, is not liable for additional surtax under section 102, I. R. C.
1Opinion of the Court
OPINION.
Van Fossan, Judge:
The ultimate findings of fact appearing above toll the death knell of respondent’s determination that petitioner was liable for additional surtax under section 102,1. R. C.2
Almost, if not quite, from the beginning of his newspaper career, R. C. Hoiles was devoted to a policy of building a chain of newspapers to serve as an outlet for his economic and governmental beliefs. He held very pronounced views and concepts of the respective rights of the individual and the state as reflected in their day-to-day life. In his advocacy of his theories and principles he was a…
2Cited by38 opinions
- John P. Scripps Newspapers v. CommissionerUnited States Tax Court · 1965
- Bremerton Sun Publishing Co. v. CommissionerUnited States Tax Court · 1965
- American Metal Products Corp. v. CommissionerUnited States Tax Court · 1960
- Magic Mart, Inc. v. CommissionerUnited States Tax Court · 1969
- Gazette Tel. Co. v. CommissionerUnited States Tax Court · 1953
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