[DOWNLOAD] "Bear Gulch Water Co. v. Commissioner" by United States Court of Appeals for the Ninth Circuit * Book PDF Kindle ePub Free
eBook details
- Title: Bear Gulch Water Co. v. Commissioner
- Author : United States Court of Appeals for the Ninth Circuit
- Release Date : January 13, 1941
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
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.
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