Commissioner v. Colorado & Southern Ry. Co.

PHILLIPS, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals involving income taxes for the year 1920.

During the calendar year 1920 the Colorado & Southern Railway Company, a Colorado corporation, was affiliated with a number of other corporations. The parent corporation and two of its affiliates, the Wichita Valley Railway Company and the Fort Worth & Denver City Railway Company, were common carriers engaged jn interstate commerce. Their properties were taken over and operated by the United States under the Federal Railroad Control Act of March 21, 1918, 40…