Founders Assoc. v. Commissioner
United States Board of Tax Appeals
The corporation income tax rates for the calendar year 1928 are not applicable to any part of the income of an association which was organized February 4, 1929, and which made its first return for the fiscal period ended November 30, 1929.
1Opinion of the Court
FOUNDERS ASSOCIATES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Founders Assoc. v. Commissioner
Docket No. 62684.
United States Board of Tax Appeals
29 B.T.A. 326; 1933 BTA LEXIS 957;
November 14, 1933, Promulgated
The corporation income tax rates for the calendar year 1928 are not applicable to any part of the income of an association which was organized February 4, 1929, and which made its first return for the fiscal period ended November 30, 1929.
Henry J. Richardson, Esq., for the petitioner.
E. L. Corbin, Esq., for the respondent.
SMITH
OPINION.
SMITH: The petitioner contests a…
2Cases cited4 opinions
- Bankers' Trust Co. v. BowersCourt of Appeals for the Second Circuit · 1923
- Carroll Chain Co. v. CommissionerUnited States Board of Tax Appeals · 1924
- Weissberger Moving & Storage Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Founders Assoc. v. CommissionerUnited States Board of Tax Appeals · 1933