Best Steel Castings Co. v. Commissioner

Board of Tax Appeals

Best Steel Castings Co. v. Commissioner

6 B.T.A. 274, 1927 BTA LEXIS 3569

CourtUnited States Board of Tax Appeals

DecidedFebruary 19, 1927

DocketDocket No. 8326.

StatusPublished

Cited by1 cases

This text of 6 B.T.A. 274 (Best Steel Castings Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Best Steel Castings Co. v. Commissioner, 6 B.T.A. 274, 1927 BTA LEXIS 3569 (bta 1927).

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Opinion

[275]*275OPINION.

Smith:

It must be held that the Commissioner was in error in reducing the amount of earnings available for the payment of the dividend on April 21, 1919, by the amount of a tentative tax payable for the year 1919. Appeal of L. S. Ayers & Co., 1 B. T. A. 1135.

The second point raised by the petitioner based upon the decision of the Board in the Appeal of Guarantee Construction Co., 2 B. T. A. 1145, is now ruled adversely to the petitioner by section 1207 of the Revenue Act of 1926. See Appeal of Russel Wheel & Foundry Co., 3 B. T. A. 1168.

Judgment loill be entered on 15 days' notice, under Rule 50.

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