Ohio Bell Telephone Co. v. Public Utilities Commission

139 N.E. 857, 1 Ohio Law. Abs. 72, 106 Ohio St. 266, 1922 Ohio LEXIS 244
Ohio Supreme Court·Decided December 26, 1922·No. No. 17503·Published

Opinion

JONES, J.:

In determining whether rates chargeable by a utility yield reasonable compensation for service rendered and are just and reasonable under Section 614-23, General Code, the federal income tax should be included as part of its operating expenses, to be deducted from gross revenue in ascertaining net income.

Order reversed.

Marshall, C. J., Hough, Robinson, Matthias and Clark, JJ., concur. Wanamaker, J., dissents.

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Ohio Bell Telephone Co. v. Public Utilities Commission, 139 N.E. 857, 1 Ohio Law. Abs. 72, 106 Ohio St. 266, 1922 Ohio LEXIS 244 (Ohio 1922).

139 N.E. 857 (Ohio Bell Telephone Co. v. Public Utilities Commission) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.