Ben Ginsburg Co. v. Commissioner
United States Board of Tax Appeals
Affiliated corporations filing a consolidated return under the provisions of the Revenue Act of 1926 are entitled to use as a deduction in determining consolidated net income for 1927 the loss of one of the group in 1926 when not affiliated, even although such last-named corporation still has a net loss in 1927 - (Alabama By-Products Corporation et al.,18 B.T.A. 919, followed).
1Opinion of the Court
BEN GINSBURG CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ben Ginsburg Co. v. Commissioner
Docket No. 45556.
United States Board of Tax Appeals
19 B.T.A. 81; 1930 BTA LEXIS 2470;
February 27, 1930, Promulgated
Affiliated corporations filing a consolidated return under the provisions of the Revenue Act of 1926 are entitled to use as a deduction in determining consolidated net income for 1927 the loss of one of the group in 1926 when not affiliated, even although such last-named corporation still has a net loss in 1927 - (Alabama By-Products Corporation et al.,18 B.T.A. 919,…
2Cases cited2 opinions
- Alabama By-Products Corp. v. CommissionerUnited States Board of Tax Appeals · 1930
- Ben Ginsburg Co. v. CommissionerUnited States Board of Tax Appeals · 1930