B. B. Bathing Park, Inc. v. Commissioner
United States Board of Tax Appeals
1. Where a corporation during its taxable year 1922 becomes affiliated with two other corporations, held that separate returns for each of the corporations or a consolidated return for all of the corporations may be filed and that the basis so used will not constitute an election of basis binding for subsequent years. 2. Where three corporations were affiliated throughout the taxable year 1923, separate returns for each of the corporations, or a consolidated return for the…
Read the full summary
1. Where a corporation during its taxable year 1922 becomes affiliated with two other corporations, held that separate returns for each of the corporations or a consolidated return for all of the corporations may be filed and that the basis so used will not constitute an election of basis binding for subsequent years. 2. Where three corporations were affiliated throughout the taxable year 1923, separate returns for each of the corporations, or a consolidated return for the three corporations, may be filed. 3. Held, that where one corporation of an affiliated group filed a separate return for…
1Opinion of the Court
B. B. BATHING PARK, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
B. B. Bathing Park, Inc. v. Commissioner
Docket No. 25917.
United States Board of Tax Appeals
17 B.T.A. 748; 1929 BTA LEXIS 2257;
September 30, 1929, Promulgated
1. Where a corporation during its taxable year 1922 becomes affiliated with two other corporations, held that separate returns for each of the corporations or a consolidated return for all of the corporations may be filed and that the basis so used will not constitute an election of basis binding for subsequent years.
2. Where three corporations were…
2Cases cited1 opinion
- B. B. Bathing Park, Inc. v. CommissionerUnited States Board of Tax Appeals · 1929