Planters Cotton Oil Co., Inc. v. Hopkins
286 U.S. 332 (1932)

Annotate this Case

U.S. Supreme Court

Planters Cotton Oil Co., Inc. v. Hopkins, 286 U.S. 332 (1932)

Planters Cotton Oil Co., Inc. v. Hopkins

No. 672

Argued April 20, 1932

Decided May 16, 1932

286 U.S. 332

Syllabus

The owner of substantially all of the stock of two joint stock associations caused their assets to be transferred to three corporations which he formed for carrying on the business and of which he owned substantially all the shares. Held that, in a consolidated income tax return of all the companies, net losses suffered by the joint stock associations during the year preceding the affiliation were not deductible. Woolford Realty Co. v. Rose, ante, p. 286 U. S. 319. P. 333.

53 F.2d 825 affirmed.

Certiorari, 285 U.S. 533, to review the affirmance of a judgment, 47 F.2d 659, dismissing the petition in an action to recover an alleged overpayment of income taxes.

Page 286 U. S. 333

Official Supreme Court case law is only found in the print version of the United States Reports. Justia case law is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.