Howes Bros. Hide Co. v. Commissioner

ANDERSON, Circuit Judge.

This appeal from the Board of Tax Appeals presents the question as to whether the Howes Brothers Company, the Howes Brothers Hide Company, and the Huntington Shoe 6 Leather Company may (all or any two of them) be affiliated within the meaning of the Revenue Act of 1918, c. 18, § 249 (b), 49 Stat. 1957, 1982, which reads:

“For the purpose of this section two or more domestic corporations shall be deemed to be affiliated (1) if one corporation owns directly or controls through closely affiliated interests or by a nominee or nominees substantially all the stock of the…