Case Name: Belvidere Lumber Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-02-07
Citations: 6 B.T.A. 84
Docket Number: Docket No. 12045
Parties: Belvidere Lumber Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 84–86

Head Matter:
Belvidere Lumber Co., Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 12045.
Promulgated February 7, 1927.
B. N. Page for the petitioner.
A. George Bouchard, Esq., for the respondent.

Opinion:
OPINION.
Milliken:
Section 240(a) of the Revenue Act'of 1921, provides that corporations which are affiliated within the meaning of that section may, for any taxable year beginning on or after January 1, 1922, make a separate return, or, under regulations prescribed by the Commissioner, make a consolidated return. The statute, thus, in the case of affiliated corporations, provides two ways in which returns may be filed. Either return is a correct and proper return, but the .return that is filed is the only return recognized by the law and upon which' the taxes due thereunder shall be computed and determined.
We decided, in R. Downes, Jr. v. Commissioner, 5 B. T. A. 1029, that a separate return could not be subsequently filed, where a joint return had been filed pursuant to the provisions of section 223 of the Revenue Act of 1921. The decision in R. Downes, Jr. v. Commissioner, supra, is decisive and controlling in the instant proceeding.
Decision redetermining the deficiency for 19%% to be $954-69 will be entered.