Moore Cotton Mills Co. v. Commissioner
United States Board of Tax Appeals
The provisions of section 204(b) of the Revenue Act of 1921, concerning the second taxable year after the taxpayer has sustained a net loss are to be literally interpreted and applied, article 1602 of Regulations 62 to the contrary notwithstanding.
1Opinion of the Court
MOORE COTTON MILLS CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Moore Cotton Mills Co. v. Commissioner
Docket No. 29543.
United States Board of Tax Appeals
17 B.T.A. 662; 1929 BTA LEXIS 2261;
September 28, 1929, Promulgated
The provisions of section 204(b) of the Revenue Act of 1921, concerning the second taxable year after the taxpayer has sustained a net loss are to be literally interpreted and applied, article 1602 of Regulations 62 to the contrary notwithstanding.
J. C. Peacock, Esq., for the petitioner.
Bruce A. Low, Esq., for the respondent.
LOVE
This proceeding arises…
2Cases cited1 opinion
- Moore Cotton Mills Co. v. CommissionerUnited States Board of Tax Appeals · 1929