National Paper Products Co. v. Helvering

These cases present in slightly different circumstances a question substantially the same as the one considered in Nos. 37 to 39, decided herewith. [Zellerbach Paper Co. v. Helvering, ante, p. 172.]

Here, on July 15, 1925, the Zellerbach Paper Company filed for itself and its subsidiary, National Paper Products Company, a consolidated return under the Revenue Act of 1924 (43 Stat. 253) for the fiscal year ending April 30, 1925.

On February 26, 1926, the Revenue Act of 1926 (44 Stat. 9) was enacted effective retroactively in respect of income taxes (with exceptions not now important) as of…