Opinion

Quaker Maid, Inc. v. Commissioner

10 B.T.A. 301
1928 BTA LEXIS 4140

Court: United States Board of Tax Appeals
Filed: Jan 27, 1928
Status: Published
Author: Littleton
On the bench: Littleton
Cited by: 0 cases
Authority: More cited than 66.0%

The opinion

*302 OPINION.

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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