Stonega Coke & Coal Co. v. Commissioner of Int. Rev.

McVICAR, District Judge.

The petitioners, the Stonega Coke & Coal Company, Central Supply Company, and' Virginia Wholesale Company, affiliated cor porations, for the year 1922 filed separate income tax returns. The Stonega Coke & Coal Company owned 99 per cent, of the stock of the other two corporations. On September 15, 1923, the Stonega Coke & Coal Company purchased all the stock of the Crab Orchard Company, a corporation. The four affiliated corporations filed a consolidated return for the year 1923, which showed a net income for the four corporations of $1,454,385.67 (after credit of a…