P. Hagerty Shoe Co. v. Commissioner
15 B.T.A. 1034, 1929 BTA LEXIS 2743
United States Board of Tax Appeals·Decided March 22, 1929·No. Docket No. 16023.·Published·Cited by 1 cases
Opinion
[1035] OPINION.
We have heretofore held in L. S. Ayers & Co., 1 B. T. A. 1135, that the invested capital of a corporation may not be reduced in determining the extent to which dividends are paid from current earnings by a “ tentative tax ” theoretically set aside out of such earnings and prorated over the year.
Judgment will he entered u/nder Bule 50.
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P. Hagerty Shoe Co. v. Commissioner, 15 B.T.A. 1034, 1929 BTA LEXIS 2743 (bta 1929).
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P. Hagerty Shoe Co. v. Commissioner
15 B.T.A. 1034 (Board of Tax Appeals, 1929)