KAIWIKI SUGAR CO. v. BURNET

No. 55591.

63 F.2d 822 (1933)

KAIWIKI SUGAR CO., Limited, v. BURNET, Commissioner of Internal Revenue.

Court of Appeals of the District of Columbia.

Decided February 6, 1933.


Attorney(s) appearing for the Case

L. Karlton Mosteller, of Washington, D. C., for appellant.

G. A. Youngquist, C. M. Charest, Sewall Key, E. N. Griswold, and Lloyd W. Creason, all of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, and ROBB, VAN ORSDEL, HITZ, and GRONER, Associate Justices.


MARTIN, Chief Justice.

This appeal arises upon a ruling of the Commissioner of Internal Revenue, sustained by the Board of Tax Appeals, ascertaining the net loss shown by a consolidated return made by a group of affiliated corporations, and determining the proportion thereof which one of the affiliated group might carry forward into its separate return for the next succeeding year. The issues call for particular reference to sections 204, 214 (a) and 240, Revenue...

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