Quaker Maid, Inc. v. Commissioner

Board of Tax Appeals

Quaker Maid, Inc. v. Commissioner

10 B.T.A. 301

CourtUnited States Board of Tax Appeals

DecidedJanuary 27, 1928

DocketDocket No. 11421

StatusPublished

This text of 10 B.T.A. 301 (Quaker Maid, Inc. 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

Quaker Maid, Inc. v. Commissioner, 10 B.T.A. 301 (bta 1928).

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Opinion

[302]*302OPINION.

Littleton:

The Board is of the opinion that the Commissioner was in error in reducing the earnings available for the payment of the dividends in question by the amount of the tentative income and profits tax computed upon the net income for the year prorated to the date of payment of the dividend. Appeal of L. S. Ayers & Co., 1 B. T. A. 1135; All America Cables, Inc., 10 B. T. A. 213.

Judgment will be entered on 15 days'1 notice, under Rule 50.

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[302]*302OPINION.

Littleton:

The Board is of the opinion that the Commissioner was in error in reducing the earnings available for the payment of the dividends in question by the amount of the tentative income and profits tax computed upon the net income for the year prorated to the date of payment of the dividend. Appeal of L. S. Ayers & Co., 1 B. T. A. 1135; All America Cables, Inc., 10 B. T. A. 213.

Judgment will be entered on 15 days'1 notice, under Rule 50.

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Bluebook (online)

10 B.T.A. 301, Counsel Stack Legal Research, https://law.counselstack.com/opinion/quaker-maid-inc-v-commissioner-bta-1928.