Trahern Pump Co. v. Commissioner

ALSCHULER, Circuit Judge.

Petitioner seeks review of the judgment of the Board of Tax Appeals which it rendered upon its review of respondent’s redetermination of petitioner’s consolidated tax return made for its fiscal year beginning September 1, 1918. The return was for four Illinois corporations — Eclipse Gas Stove Company, American Foundry Company, Rockford Vitreous Enamel Manufacturing Company, and Trahem Pump Company — having outstanding capital of 250, 300, 230, and 1,-200 shares respectively, each of par value of $100. The Commissioner concluded that the pump company was not affiliated…