# Smith Agricultural Chemical Co. v. Commissioner

> United States Board of Tax Appeals · April 30, 1928 · 11 B.T.A. 902

URL: https://www.frixlaw.com/law-library/cases/4488156

## Case

- **Full name:** SMITH AGRICULTURAL CHEMICAL CO., <emphasis typestyle="it">v.</emphasis> COMMISSIONER OF INTERNAL REVENUE
- **Court:** United States Board of Tax Appeals
- **Decided:** April 30, 1928
- **Citations:** 11 B.T.A. 902; 1928 BTA LEXIS 3699
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Trammell
- **Judges:** Trammell
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4488156

## Opinion text

OFINION.
TRAmmell:
The question here involved is governed by previous decisions of the Board and upon authority of those decisions it is held that the invested capital of the petitioner should not be reduced in determining the extent to which a dividend is paid from current earnings of the year by a “ tentative tax ” theoretically set aside out of earnings pro rata over the year. L. S. Ayers & Co., 1 B. T. A. 1135; Georgia Car & Locomotive Co., 2 B. T. A. 986; Rhode Island Tool Co., 3 B. T. A. 180; Washington Hotel Co., 4 B. T. A. 441 Gardner Governor Co., 5 B. T. A. 70; Levine Brothers Co., Inc., 5 *903 B. T. A. 689; A. M. Robinson Co., 5 B. T. A. 1217; All America Cables, Inc., 10 B. T. A. 213.
Ordered that judgment pursuant to the find-mgs of fact and opinion be rendered under Rule 50.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4488156. Public record. Not legal advice.