Newport Co. v. Commissioner
United States Board of Tax Appeals
1. STATUTE OF LIMITATIONS. Waivers executed on behalf of dissolved corporations after the time provided by the laws of the respective corporations' domiciles for winding up their affairs have expired, are invalid and will not extend the statute for making any assessment against such dissolved corporations. Newport Co.,22 B.T.A. 833. 2. Id.
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1. STATUTE OF LIMITATIONS. Waivers executed on behalf of dissolved corporations after the time provided by the laws of the respective corporations' domiciles for winding up their affairs have expired, are invalid and will not extend the statute for making any assessment against such dissolved corporations. Newport Co.,22 B.T.A. 833. 2. Id. Where respondent was fully advised of the several corporate dissolutions prior to the expiration of the statute of limitations, petitioners are not estopped to deny the validity of the waivers. 3. Id. Taxing acts, including provisions of limitations…
1Opinion of the Court
THE NEWPORT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
THE YOUNGSTOWN SHEET AND TUBE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Newport Co. v. Commissioner
Docket Nos. 28149, 35431, 35511.
United States Board of Tax Appeals
24 B.T.A. 1246; 1931 BTA LEXIS 1517;
December 24, 1931, Promulgated
1. STATUTE OF LIMITATIONS. Waivers executed on behalf of dissolved corporations after the time provided by the laws of the respective corporations' domiciles for winding up their affairs have expired, are invalid and will not extend the statute for making any…
2Cases cited18 opinions
- Stange v. United StatesSupreme Court of the United States · 1931
- Lucas v. Pilliod Lumber Co.Supreme Court of the United States · 1930
- Bowers v. New York & Albany Lighterage Co.Supreme Court of the United States · 1927
- United States v. UpdikeSupreme Court of the United States · 1930
- Bowers, Collector of Internal Revenue v. New York & Albany Lighterage Co. Same v. Seaman. Same v. FullerSupreme Court of the United States · 1927
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