Case: Crown Motor Carriage Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Crown Motor Carriage Co. v. Commissioner
Decision Date: 1926-10-19
Docket Number: Docket No. 3203
Citation: 5 B.T.A. 104
Volume: 5
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Crown Motor Carriage Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 104–105

Head Matter:
Crown Motor Carriage Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 3203.
Decided October 19, 1926.
Harry Kalian, O. P. A., for the petitioner.
D. D. Shepard, Esg., for the respondent.

Opinion:
OPINION.
Lansdon :
To prevail in its contention in this proceeding the petitioner must prove that it sustained a net loss in its operations during the year preceding the taxable year. If it was in operation during only a part of such year, it must show that the factional year included all the time from its beginning in business as a corporation until the end of the taxable period. The Commissioner admits that the petitioner sustained a loss but denies all the other material allegations of the petition. The petitioner offered no proof of either of the conditions that must be satisfied to entitle it to relief under the provisions of section 204 of the Revenue Act of 1921, as we have heretofore interpreted that section in the Appeal of Carroll Chain Co., 1 B. T. A. 38.
Judgment will be entered for the Gom/missioner.