Concord Supply Corp. v. Commissioner
United States Tax Court
Percival J. Haines, a general contractor, under plans and specifications approved by U.S. Rubber, constructed a warehouse facility of which U.S. Rubber was to become and became the lessee. The warehouse was constructed in two parts, with two corporations organized by Haines, of which he owned more than 50 percent of the total combined voting power of all classes of stock entitled to vote of each corporation, being the owners and lessors.
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Percival J. Haines, a general contractor, under plans and specifications approved by U.S. Rubber, constructed a warehouse facility of which U.S. Rubber was to become and became the lessee. The warehouse was constructed in two parts, with two corporations organized by Haines, of which he owned more than 50 percent of the total combined voting power of all classes of stock entitled to vote of each corporation, being the owners and lessors. The first part was a complete operable warehouse with the necessary facilities and utilities for its operation. The second part was an appendage to the first…
1Opinion of the Court
Concord Supply Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Concord Supply Corp. v. Commissioner
Docket No. 78086
United States Tax Court
37 T.C. 919; 1962 U.S. Tax Ct. LEXIS 195;
February 12, 1962, Filed
Decision will be entered under Rule 50.
Percival J. Haines, a general contractor, under plans and specifications approved by U.S. Rubber, constructed a warehouse facility of which U.S. Rubber was to become and became the lessee. The warehouse was constructed in two parts, with two corporations organized by Haines, of which he owned more than 50 percent of the total…
2Cases cited9 opinions
- Mill Ridge Coal Company v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Thomas E. Snyder Sons Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1961
- James Realty Company, a Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1960
- Thomas E. Snyder Sons Co. v. CommissionerUnited States Tax Court · 1960
- Coastal Oil Storage Company, and v. Commissioner of Internal Revenue, AndCourt of Appeals for the Fourth Circuit · 1957
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