Madison Newspapers, Inc. v. Commissioner
United States Tax Court
Excess Profits Tax Act of 1950, Sec. 459 (c) -- Consolidation of Newspaper Operations. -- Petitioner was organized in 1948 upon a consolidation of two corporations publishing newspapers in the same city but in different buildings. Petitioner continued the publication of the two newspapers.
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Excess Profits Tax Act of 1950, Sec. 459 (c) -- Consolidation of Newspaper Operations. -- Petitioner was organized in 1948 upon a consolidation of two corporations publishing newspapers in the same city but in different buildings. Petitioner continued the publication of the two newspapers. In 1949 the mechanical, circulation, advertising, and accounting operations of the two newspapers were physically consolidated in one building, although the editorial departments remained separate. Held, the petitioner did not consolidate its mechanical, circulation, advertising, and accounting operations…
1Opinion of the Court
Madison Newspapers, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Madison Newspapers, Inc. v. Commissioner
Docket No. 54790
United States Tax Court
27 T.C. 618; 1956 U.S. Tax Ct. LEXIS 4;
December 26, 1956, Filed
Decision will be entered for the respondent.
Excess Profits Tax Act of 1950, Sec. 459 (c) -- Consolidation of Newspaper Operations. -- Petitioner was organized in 1948 upon a consolidation of two corporations publishing newspapers in the same city but in different buildings. Petitioner continued the publication of the two newspapers. In 1949 the mechanical, circulation,…
2Cases cited1 opinion
- Madison Newspapers, Inc. v. CommissionerUnited States Tax Court · 1956