L. T. Campbell, Inc. v. Commissioner

HOLMES, Circuit Judge.

This petition for review involves income taxes for the calendar year 1941 and for part of the calendar year 1942. The question presented is whether the corporation conducted the business involved and, therefore, is taxable on the income earned therefrom under Section 13, of the Internal Revenue Code, 26 U.S.C.A. Int.Rev.Code, § 13.

Before the taxable period, the corporation was organized to take over the teaming and trucking business of the L. T. Campbell Estate, which the widow and son as independent co-executors had been carrying on after the decedent’s death. After the…