Legal Opinion
S. Slater & Sons, Inc. v. White
Court of Appeals for the First Circuit
Decided May 16, 1941No. 3629PublishedCited by 4 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
Plaintiff appeals from a judgment for the defendant in an action to recover back certain corporate income taxes alleged to have been wrongfully assessed and collected for the taxable year 1929. The question is how losses and gains of affiliated companies — particularly, a preaffiliation loss of one of the companies in 1926 — are to be offset in relation to one another in a consolidated return.
The facts are simple. S. Slater & Sons, Inc., a Massachusetts corporation,1 had a loss for the year 1926. In 1927 two subsidiary companies, Slater Company, Inc., and Slater Mills,…
2Cases cited9 opinions
- Woolford Realty Co. v. RoseSupreme Court of the United States · 1932
- Charles Ilfeld Co. v. HernandezSupreme Court of the United States · 1934
- Delaware & Hudson Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1933
- Helvering v. Post & Sheldon Corp.Court of Appeals for the Second Circuit · 1934
- Beneficial Loan Soc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1933
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3Cited by4 opinions
- Union Electric Company of Missouri v. The United StatesUnited States Court of Claims · 1962
- American Trans-Ocean Navigation Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1956
- Olivier Company v. PattersonDistrict Court, N.D. Alabama · 1957
- United States v. Northern RailroadCourt of Appeals for the First Circuit · 1964