Legal Opinion
Madison Newspapers, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 8, 1958No. 12082PublishedCited by 4 opinions
1Opinion of the Court
PARKINSON, Circuit Judge.
Taxpayer, Madison Newspapers, Inc. petitioner here, seeks review and reversal of the Tax Court’s decision that it does not come within the provisions of 26 U.S.C., 1952 edition, § 459(c), 26 U. S.C.A. Excess Profits Taxes, § 459(c) and there is, therefore, a deficiency of $2,142.41 in its income tax for the fiscal year ended September 30, 1950.
The facts are undisputed and the only issue is whether Madison Newspapers, Inc., an acquiring corporation whose component corporations consolidated their newspaper operations, is a taxpayer which consolidated its mechanical,…
2Cases cited3 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Patten Fine Papers, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1957
- Dick Bros., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1953
3Cited by4 opinions
- Commissioner of Internal Revenue v. Lake Forest, Inc.Court of Appeals for the Fourth Circuit · 1962
- Davey Co. v. CommissionerUnited States Tax Court · 1959
- American Women Buyers Club, Inc. v. United StatesDistrict Court, S.D. New York · 1963
- Davey Co. v. CommissionerUnited States Tax Court · 1959