Bear Gulch Water Co. v. Commissioner

1941.C09.9, 116 F.2D 975

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Publisher Description

Petitioner, Bear Gulch Water Company, a California corporation, had a net income of $50,099.61 in 1933 and a net income of $55,605.36 in 1634, but paid no federal income tax in either year, its contention being that its income was exempt from federal taxation. Rejecting this contention, rspondent, the Commissioner of Internal Revenue, determined that petitioner owed a tax of $6,888.70 for 1933 and a tax of $7,645.74 for 1934. Respondent was sustained by the Board of Tax Appeals. 40 B.T.A. 1281. The Boards decision is here for review.

GENRE
Professional & Technical
RELEASED
1941
January 13
LANGUAGE
EN
English
LENGTH
6
Pages
PUBLISHER
LawApp Publishers
SELLER
Innodata Book Distribution Services Inc
SIZE
60.7
KB

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