Central Co-operative Oil Asso. v. Commissioner
United States Board of Tax Appeals
Petitioner, a cooperative purchasing association, held, under the circumstances, to be taxable on profits from sales to nonmembers on which it did not pay or credit patronage dividends.
1Opinion of the Court
CENTRAL CO-OPERATIVE OIL ASSOCIATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Central Co-operative Oil Asso. v. Commissioner
Docket No. 70290.
United States Board of Tax Appeals
32 B.T.A. 359; 1935 BTA LEXIS 958;
April 9, 1935, Promulgated
Petitioner, a cooperative purchasing association, held, under the circumstances, to be taxable on profits from sales to nonmembers on which it did not pay or credit patronage dividends.
Robert Cahn, C.P.A., for the petitioner.
James K. Polk, Jr., Esq., and Arthur Clark, Esq., for the respondent.
TURNER
OPINION.
TURNER: The respondent determined an…
2Cases cited1 opinion
- Central Co-operative Oil Asso. v. CommissionerUnited States Board of Tax Appeals · 1935