Enterprise Lumber Co. v. Commissioner
United States Tax Court
1. The petitioner, a domestic corporation, was controlled by the same shareholder who controlled a foreign corporation. The petitioner received certain allowances from steamship lines by whom it shipped its lumber to Cuba. It entered these allowances on its books to the credit of the foreign corporation and claims that such allowances were the income of the foreign corporation under a contract executed by its agent with the steamship lines.
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1. The petitioner, a domestic corporation, was controlled by the same shareholder who controlled a foreign corporation. The petitioner received certain allowances from steamship lines by whom it shipped its lumber to Cuba. It entered these allowances on its books to the credit of the foreign corporation and claims that such allowances were the income of the foreign corporation under a contract executed by its agent with the steamship lines. Held: That the contract under which the allowances were paid and received by the taxpayer was executed by its agent, and that the allowances paid…
1Opinion of the Court
Enterprise Lumber Company, a corporation v. Commissioner.
Enterprise Lumber Co. v. Commissioner
Docket No. 2604.
United States Tax Court
1945 Tax Ct. Memo LEXIS 104; 4 T.C.M. (CCH) 824; T.C.M. (RIA) 45270;
August 1, 1945
1. The petitioner, a domestic corporation, was controlled by the same shareholder who controlled a foreign corporation. The petitioner received certain allowances from steamship lines by whom it shipped its lumber to Cuba. It entered these allowances on its books to the credit of the foreign corporation and claims that such allowances were the income of the foreign corporation…
2Cases cited1 opinion
- McEnaney v. CommissionerUnited States Tax Court · 1944