MORGAN'S, INC. v. COMMISSIONER OF INTERNAL REVENUE

No. 2807.

68 F.2d 325 (1933)

MORGAN'S, Inc., et al. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, First Circuit.

December 15, 1933.


Attorney(s) appearing for the Case

Lawrence E. Green, of Boston, Mass. (Haskell Cohn, of Boston, Mass., on the brief), for petitioners for review.

S. Dee Hanson, Sp. Asst. Atty. Gen. (Pat Malloy, Asst. Atty. Gen., and Sewall Key and Francis H. Horan, Sp. Asst. Attys. Gen., on the brief), for Commissioner of Internal Revenue.

Before WILSON and MORTON, Circuit Judges, and LETTS, District Judge.


WILSON, Circuit Judge.

This is a petition for a review by taxpayers of an order of the Board of Tax Appeals relating to the income taxes of the affiliated petitioners for the year 1927.

Morgan's, Inc., hereinafter referred to as the Morgan Company, and the Haines Furniture Company, hereinafter referred to as the Haines Company, became affiliated on June 1, 1925. Both companies kept their books and made their returns on a calendar year basis.

In 1925...

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