United States Board of Tax Appeals December 22, 1932, Docket No. 43295. (ACKERMAN v. COMMISSIONER)

lead-opinion

*418OPINION.

Teammell :

The petitioner contends, first, that in determining the deficiencies for both taxable years here involved, the respondent erred in refusing to grant the petitioner’s request for a consolidation of the accounts of the partnership and of the corporation pursuant to the provisions of section 240 (d) and 240 (f) of the Revenue Acts of 1924 and 1926.