Ft. Worth Grain & Cotton Exchange v. Commissioner
United States Board of Tax Appeals
The petitioner is not an exempt corporation within the meaning of sections 231(7) and 103(7), respectively, of the Revenue Acts of 1926 and 1928.
1Opinion of the Court
OPINION.
Lansdon :
The respondent has determined deficiencies for the fiscal years ended at March 31, 1926, 1927, 1928, 1929 and 1930 in the *984respective amounts of $110.88, $370.71, $1,329.48, $664.67 and $731.50. The single issue involved is whether the petitioner is exempt from Federal income taxation as a business league or board of trade within the meaning of sections 231 (7) and 103 (7), respectively, of the Eevenue Acts of 1926 and 1928. The two proceedings have been consolidated for the purposes of hearing and report. The parties have filed a stipulation, which we adopt as our findings of…
2Cases cited1 opinion
- Houston Belt & Terminal Ry. Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1918
3Cited by11 opinions
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- Durham Merchant's Ass'n v. United StatesDistrict Court, M.D. North Carolina · 1940
- Independent Insurance Agents of Huntsville, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1993
- National Chiropractic Ass'n v. BirminghamDistrict Court, N.D. Iowa · 1951
- Evanston-North Shore Board of Realtors v. The United StatesUnited States Court of Claims · 1963
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