Central Co-operative Oil Asso. v. Commissioner
United States Board of Tax Appeals
Petitioner, a cooperative purchasing association, held, under the circumstances, to be taxable on profits from sales to nonmembers on which it did not pay or credit patronage dividends.
1Opinion of the Court
OPINION.
Turner:
The respondent determined an income tax deficiency amounting to $612.73 against the petitioner for the year 1930. The issue is whether or not the petitioner, being a cooperative association, otherwise exempt from paying income tax in virtue of section 103 of the Revenue Act of 1928, is nevertheless taxable for income derived from sales made to nonmember customers and to whom no patronage dividends were paid.
The petitioner was organized as a cooperative association under the laws of the State of Minnesota in March 1924, to buy, sell, and otherwise deal in gasoline and petroleum…
2Cited by12 opinions
- Farmers Cooperative Co. v. BirminghamDistrict Court, N.D. Iowa · 1949
- Union Equity Cooperative Exchange v. CommissionerUnited States Tax Court · 1972
- Farmers Co-Operative Co. v. United StatesUnited States Court of Claims · 1938
- National Chiropractic Ass'n v. BirminghamDistrict Court, N.D. Iowa · 1951
- Central Co-operative Oil Asso. v. CommissionerUnited States Board of Tax Appeals · 1935
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