Stevens Bros. Foundation, Inc. v. Commissioner
United States Tax Court
1. Under section 302(b), Revenue Act of 1950, filing of exempt organization information return constitutes filing of a return for statute of limitations purposes only if the organization loses its exemption because it engages in a trade or business for profit. 2. Except where section 302(b), Revenue Act of 1950, applies, exempt organization information returns are not "returns" for statute of limitations purposes under the 1939 Code. 3. The Commissioner is not estopped from…
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1. Under section 302(b), Revenue Act of 1950, filing of exempt organization information return constitutes filing of a return for statute of limitations purposes only if the organization loses its exemption because it engages in a trade or business for profit. 2. Except where section 302(b), Revenue Act of 1950, applies, exempt organization information returns are not "returns" for statute of limitations purposes under the 1939 Code. 3. The Commissioner is not estopped from revoking an exemption ruling retroactively to the time of a material change in the relevant facts or applicable law…
1Opinion of the Court
Stevens Bros. Foundation, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Stevens Bros. Foundation, Inc. v. Commissioner
Docket No. 89120
United States Tax Court
39 T.C. 93; 1962 U.S. Tax Ct. LEXIS 50;
October 16, 1962, Filed
Decision will be entered under Rule 50.
1. Under section 302(b), Revenue Act of 1950, filing of exempt organization information return constitutes filing of a return for statute of limitations purposes only if the organization loses its exemption because it engages in a trade or business for profit.
2. Except where section 302(b), Revenue Act of 1950, applies,…
2Cases cited71 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
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- Blodgett v. HoldenSupreme Court of the United States · 1927
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Better Business Bureau of Washington, D. C., Inc. v. United StatesSupreme Court of the United States · 1946
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