Burk Bros. v. Commissioner
United States Board of Tax Appeals
FOREIGN INCOME TAX - CREDIT. - Where petitioner bought raw materials in India and transported them to this country, where they were manufactured and sold, petitioner is not entitled, under section 238(a) of the Revenue Act of 1926, to have allowed income taxes paid the Indian Government as credits against United States income taxes, because petitioner's entire income was derived from sources within the United States.
1Opinion of the Court
BURK BROTHERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Burk Bros. v. Commissioner
Docket No. 36571.
United States Board of Tax Appeals
20 B.T.A. 657; 1930 BTA LEXIS 2063;
September 4, 1930, Promulgated
FOREIGN INCOME TAX - CREDIT. - Where petitioner bought raw materials in India and transported them to this country, where they were manufactured and sold, petitioner is not entitled, under section 238(a) of the Revenue Act of 1926, to have allowed income taxes paid the Indian Government as credits against United States income taxes, because petitioner's entire income was derived…
2Cases cited1 opinion
- Burk Bros. v. CommissionerUnited States Board of Tax Appeals · 1930