Old Homestead Bread Co. v. Commissioner
United States Tax Court
The taxpayer is engaged in the wholesale baking business in Denver, Colorado. Its principal product is bread of various sizes and kinds. Throughout the base period years the taxpayer was engaged in keen competition with four other large wholesale bakeries in Denver.
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The taxpayer is engaged in the wholesale baking business in Denver, Colorado. Its principal product is bread of various sizes and kinds. Throughout the base period years the taxpayer was engaged in keen competition with four other large wholesale bakeries in Denver. Beginning in the latter half of 1938 and continuing until the fall of 1939, two large chain grocery stores in Denver, which operated their own bakeries, used bread as a "loss leader" and engaged in keen competition for the retail grocery business. The independent retail grocers put pressure on the taxpayer and the other wholesale…
1Opinion of the Court
The Old Homestead Bread Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Old Homestead Bread Co. v. Commissioner
Docket No. 32824
United States Tax Court
28 T.C. 306; 1957 U.S. Tax Ct. LEXIS 204;
April 30, 1957, Filed
Decision will be entered for the respondent.
The taxpayer is engaged in the wholesale baking business in Denver, Colorado. Its principal product is bread of various sizes and kinds. Throughout the base period years the taxpayer was engaged in keen competition with four other large wholesale bakeries in Denver. Beginning in the latter half of 1938 and continuing until…
2Cases cited8 opinions
- Lamar Creamery Co. v. CommissionerUnited States Tax Court · 1947
- Monarch Cap Screw & Mfg. Co. v. CommissionerUnited States Tax Court · 1945
- Harlan Bourbon & Wine Co. v. CommissionerUnited States Tax Court · 1950
- Ainsworth Mfg. Corp. v. CommissionerUnited States Tax Court · 1954
- Stimson Mill Co. v. CommissionerUnited States Tax Court · 1946
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