Legal Opinion
Buffalo Brake Beam Co. v. United States
United States Court of Claims
Decided May 3, 1937No. 42823PublishedCited by 1 opinion
1Opinion of the Court
WILLIAMS, Judge.
Plaintiff, the Buffalo Brake Beam Company, on July 1, 1926, acquired by purchase all the issued and outstanding stock, both common and preferred, of the Acme Steel & Malleable Iron Works, Inc., another corporation, and they thus became affiliated corporations under section 240 (d) of the Revenue Act of 1926 (44 Stat. 46), and remained so throughout the remainder of the taxable year 1926. During the year 1926, and prior thereto, plaintiff kept its records and filed- its income tax returns on the calendar year basis.
The net income of- plaintiff for the year 1926 was $62,804.60,…
2Cases cited4 opinions
- American Paper Exports, Inc. v. BowersCourt of Appeals for the Second Circuit · 1931
- Sweets Co. of America, Inc. v. CommissionerUnited States Board of Tax Appeals · 1928
- American La Dentelle, Inc. v. CommissionerUnited States Board of Tax Appeals · 1925
- Green River Distilling Co. v. CommissionerUnited States Board of Tax Appeals · 1929
3Cited by1 opinion
- Continental Oil Co. v. HelveringCourt of Appeals for the D.C. Circuit · 1938