Babson Bros. Export Co. v. Commissioner
United States Tax Court
Petitioner was organized to buy and sell dairy farm equipment as a Western Hemisphere trade corporation. During the years in question, petitioner purchased dairy farm equipment exclusively from Babson Bros. Co. and related companies in the midwestern United States and sold it exclusively to customers located outside the United States and within Canada, Central and South America and the West Indies.
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Petitioner was organized to buy and sell dairy farm equipment as a Western Hemisphere trade corporation. During the years in question, petitioner purchased dairy farm equipment exclusively from Babson Bros. Co. and related companies in the midwestern United States and sold it exclusively to customers located outside the United States and within Canada, Central and South America and the West Indies. Petitioner assumed the risk of loss and retained title to its merchandise until the goods reached their foreign destination. Petitioner was not licensed to do business in any foreign countries…
1Opinion of the Court
Babson Bros. Export Co. v. Commissioner.
Babson Bros. Export Co. v. Commissioner
Docket No. 81046.
United States Tax Court
T.C. Memo 1963-144; 1963 Tax Ct. Memo LEXIS 201; 22 T.C.M. (CCH) 677; T.C.M. (RIA) 63144;
May 24, 1963
Petitioner was organized to buy and sell dairy farm equipment as a Western Hemisphere trade corporation. During the years in question, petitioner purchased dairy farm equipment exclusively from Babson Bros. Co. and related companies in the midwestern United States and sold it exclusively to customers located outside the United States and within Canada, Central and South…
2Cases cited6 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- A. P. Green Export Company v. United StatesUnited States Court of Claims · 1960
- Polak's Frutal Works, Inc. v. CommissionerUnited States Tax Court · 1954
- Barber-Greene Americas, Inc. v. CommissionerUnited States Tax Court · 1960
- Pan American Eutectic Welding Alloys Co. v. CommissionerUnited States Tax Court · 1961
1 more not listed; retrieve them via the Exa API.
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- Electronic Arts, Inc. and Subsidiaries v. CommissionerUnited States Tax Court · 2002
- Kewanee Oil Co. v. CommissionerUnited States Tax Court · 1974