Metra Chem Corp. v. Commissioner
United States Tax Court
P, a wholesaler of industrial chemicals, established a promotional program under which customers or their employees were given premiums such as televisions, citizen band radios, and prime meats. P purchased such items and made them available to its outside salesmen, who selected the recipients and generally delivered the gifts. The salesmen were charged the cost for the premiums plus a small markup.
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P, a wholesaler of industrial chemicals, established a promotional program under which customers or their employees were given premiums such as televisions, citizen band radios, and prime meats. P purchased such items and made them available to its outside salesmen, who selected the recipients and generally delivered the gifts. The salesmen were charged the cost for the premiums plus a small markup. However, there was no markup on the gifts of prime meat, and they were sent directly from the packer to the recipients. P did not maintain records with respect to the disposition of the premiums.…
1Opinion of the Court
Metra Chem Corp., et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Metra Chem Corp. v. Commissioner
Docket Nos. 23223-82, 23224-82, 23225-82
United States Tax Court
88 T.C. 654; 1987 U.S. Tax Ct. LEXIS 37; 88 T.C. No. 36;
March 23, 1987; As amended March 27, 1987 March 23, 1987, Filed
Decisions will be entered for the petitioner in docket No. 23223-82 and for the respondent in docket Nos. 23224-82 and 23225-82.
P, a wholesaler of industrial chemicals, established a promotional program under which customers or their employees were given premiums such as televisions, citizen band…
2Cases cited14 opinions
- Aquilino v. United StatesSupreme Court of the United States · 1960
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Enoch v. CommissionerUnited States Tax Court · 1972
- Pritchett v. CommissionerUnited States Tax Court · 1974
- Metra Chem Corp. v. CommissionerUnited States Tax Court · 1987
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