Hygienic Products Co. v. Commissioner
United States Board of Tax Appeals
Where taxpayer used a hybrid system of keeping its books but it appears that the accrual method predominated, held, the payment in 1934 of Canadian income taxes for 1930 to 1933, inclusive, does not entitle taxpayer to a credit against its Federal income taxes for 1934.
1Opinion of the Court
opinion.
Mellott:
The Commissioner made several adjustments to the net income shown by the return of the petitioner for the year 1934 and determined a deficiency in its income tax for said year in the amount of $12,645.83. Petitioner concedes that all of the adjustments were properly made with the sole exception of the disallowance by the Commissioner of a credit against the tax in the amount of $10,848.30 representing income taxes paid by the petitioner in 1934, to the Dominion of Canada for the years 1930 to 1933, inclusive, and which it contends should have been allowed under section 131 of…
2Cases cited5 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Brown v. HelveringSupreme Court of the United States · 1934
- Niles Bement Pond Co. v. United StatesSupreme Court of the United States · 1930
- Massachusetts Mutual Life Insurance v. United StatesSupreme Court of the United States · 1933
- Aluminum Castings Co. v. RoutzahnSupreme Court of the United States · 1930
3Cited by10 opinions
- American Can Co. v. CommissionerUnited States Tax Court · 1961
- Potter v. CommissionerUnited States Tax Court · 1965
- Alta Coop. Elevator v. CommissionerUnited States Tax Court · 1959
- American Can Co. v. CommissionerUnited States Tax Court · 1961
- Clark v. CommissionerUnited States Tax Court · 1971
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