Case Name: Appeal of FLORIDA GROCERY CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-01-28
Citations: 1 B.T.A. 412
Docket Number: Docket No. 151
Parties: Appeal of FLORIDA GROCERY CO.
Judges: Before IviNS, KorNer, and Marquette.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 412–413

Head Matter:
Appeal of FLORIDA GROCERY CO.
Docket No. 151.
Submitted November 21, 1924;
decided January 28, 1925.
J. M. Jordan, G. P. A., for the taxpayer.
Robert A. Littleton, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
Before IviNS, KorNer, and Marquette.

Opinion:
DECISION.
The Board determines that from January 1, 1917, to May 28, 1917, the Florida Grocery Co. was a joint venture and should be taxed as a corporation from May 28, 1917, and that in computing net income for the year 1917 the amounts of $20 and $17.50, set forth in the findings of fact, should be excluded. The determination of the Commissioner is disapproved in part and the amount of the deficiency to be assessed will be settled on consent or on seven days' notice under Rule 50.