¶2In the light of the evidence the Board is of the opinion that the taxpayer and L. C. Wright Baking Co., Inc., constituted a business unit during the year 1918. Substantially all the stock of the two corporations was owned by the same interests. The determination of the Commissioner requiring the two corporations involved to; make a consolidated income and profits-tax return for the calendar year 1918 under the provisions of section 240 (b) of the Revenue Act of 1918, retroactive to January 1 of that year, is approved,
2 B.T.A. 58
Wright Cake Co. v. Commissioner
United States Board of Tax Appeals
Decided June 12, 1925
United States Board of Tax Appeals · decided 1925-06-12
On the evidence submitted, held, that the taxpayer was affiliated with the L. C. Wright Baking Co., Inc., during the calendar year 1918. Held: that the taxpayer was affiliated with the L. C. Wright Baking Co., Inc., during the calendar year 1918.
Cited by 13 later decisions — most recently October 1930
Good law ✅— No negative treatment on recordhow we know
Decided 1925-06-12
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