Commissioner of Internal Revenue v. Crescent Leather Co.

BINGHAM, Circuit Judge.

The question involved in this appeal is whether the Crescent Leather Company, a Massachusetts corporation, and the Buekman Tanning Company, also a local corporation, were entitled to be affiliated for the tax year 1920 within the meaning of the Revenue. Act of 1918, c. 18, § 240 (b), 40 Stat. 1057, 1082. If they were not so entitled, the Crescent Leather Company was subject to a deficiency tax of $60,453.65. If they were so entitled, the Buekman Tanning Company having sustained a loss that year of $118,-408.63, the deficiency tax would be $4,733.46. The Commissioner…