Case Name: Arnold, Constable Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1932-10-31
Citations: 26 B.T.A. 1427
Docket Number: Docket No. 47847
Parties: Arnold, Constable Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Smith, Trammell, and Sea well agree with this dissent.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 26
Pages: 1427–1429

Head Matter:
Arnold, Constable Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 47847.
Promulgated October 31, 1932.
J. E. Little, Esq., for the petitioner.
J. M. Morawshi, Esq., for the respondent.

Opinion:
OPINION.
GoodRich:
We have held heretofore that, for the purpose of applying a net loss sustained by a corporation prior to affiliation to income earned thereafter, the periods of the calendar or fiscal year before and after the affiliation of previously existing corporations occurs, under the provisions of section 200 (a) of the Revenue A-ct of 1924, each constitute a "taxable year." Weissberger Moving & Storage Co., 26 B. T. A. 1375. The pertinent parts of that section have been unchanged by the Revenue Acts of 1926 and 1928 which are applicable to this case.
Reviewed by the Board.
Judgment will be entered for the respondent.