United States Board of Tax Appeals March 25, 1929, Docket No. 20990. (H. P. Lau Co. v. Commissioner)

lead-opinion

*1066OPINION.

Milliken :

The foregoing statement of facts is taken from the un-controverted allegations and admissions in the pleadings and exhibits. It will be observed from the findings of fact that the respondent determined and treated the petitioner and the May Bros. Co. as affiliated corporations from January 1, 1922, to June 30, 1922, and because of its ownership of May Bros.