Belmont Iron Works v. Commissioner
6 B.T.A. 722, 1927 BTA LEXIS 3420
United States Board of Tax Appeals·Decided April 6, 1927·No. Docket No. 10454.·Published·Cited by 1 cases
Opinion
OPINION.
The decision in this appeal is controlled by the decisión of the Board in the Appeal of L. S. Ayers & Co., 1 B. T. A. 1135, where it was held that in computing invested capital the earnings available for the payment of a dividend are not to be reduced by a theoretical or tentative tax.
Decision will be entered, on W days' notice, under Rule 50.
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Belmont Iron Works v. Commissioner, 6 B.T.A. 722, 1927 BTA LEXIS 3420 (bta 1927).
6 B.T.A. 722 (Belmont Iron Works v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Belmont Iron Works v. Commissioner
6 B.T.A. 722 (Board of Tax Appeals, 1927)