affiliated corporations
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 284 U.S. 136 - Handy & Harman v. Burnet · 1931Most cited · 161 citing opinions
The purpose of section 240 was, by means of consolidated returns, to require taxes to be levied according to the true net income and invested capital resulting from and employed in a single business enterprise even though it was conducted by means of more than one corporation.