Opinion
The opinion
*1035 OPINION.
Lote:
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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