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

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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


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

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