Ohio & Big Sandy Coal Co. v. Commissioner
United States Board of Tax Appeals
1. March 1, 1913, value of certain coal lands determined. 2. Where corporations were affiliated for excess-profits-tax purposes for a fractional part of 1917, but occupy a nonaffiliated status for the remainder of the year, the income tax may not be computed upon the basis of such fractional period, but must be computed upon the basis of a full taxable year. 3. In computing the excess-profits credit for a consolidated group for 1917 only one specific exemption of $3,000 is…
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1. March 1, 1913, value of certain coal lands determined. 2. Where corporations were affiliated for excess-profits-tax purposes for a fractional part of 1917, but occupy a nonaffiliated status for the remainder of the year, the income tax may not be computed upon the basis of such fractional period, but must be computed upon the basis of a full taxable year. 3. In computing the excess-profits credit for a consolidated group for 1917 only one specific exemption of $3,000 is allowable and not an exemption of $3,000 for each corporation which is a member of the group. 4. The provision in section…
1Opinion of the Court
TRUSTEES FOR OHIO & BIG SANDY COAL CO., UNITED THACKER COAL CO., AND FEDERAL GAS, OIL & COAL CO., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ohio & Big Sandy Coal Co. v. Commissioner
Docket No. 7888.
United States Board of Tax Appeals
15 B.T.A. 273; 1929 BTA LEXIS 2883;
February 8, 1929, Promulgated
1. March 1, 1913, value of certain coal lands determined.
2. Where corporations were affiliated for excess-profits-tax purposes for a fractional part of 1917, but occupy a nonaffiliated status for the remainder of the year, the income tax may not be computed upon the basis of such…
2Cases cited10 opinions
- Dowagiac Manufacturing Co. v. Minnesota Moline Plow Co.Supreme Court of the United States · 1915
- United Fuel Gas Co. v. Railroad CommissionSupreme Court of the United States · 1929
- Willcuts v. Milton Dairy Co.Supreme Court of the United States · 1927
- Farmers Deposit Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1926
- Christie v. PattonSupreme Court of Alabama · 1906
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