# Belmont Iron Works v. Commissioner

> United States Board of Tax Appeals · April 6, 1927 · 6 B.T.A. 722

URL: https://www.frixlaw.com/law-library/cases/4499853

## Case

- **Full name:** BELMONT IRON WORKS, <emphasis typestyle="it">v.</emphasis> COMMISSIONER OF INTERNAL REVENUE
- **Court:** United States Board of Tax Appeals
- **Decided:** April 6, 1927
- **Citations:** 6 B.T.A. 722; 1927 BTA LEXIS 3420
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Phillips
- **Judges:** Phillips
- **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/4499853

## Opinion text

OPINION.
Phillips :
The decision in this appeal is controlled by the decisión of the Board in the Appeal of L. S. Ayers & Co., 1 B. T. A. 1135, where it was held that in computing invested capital the earnings available for the payment of a dividend are not to be reduced by a theoretical or tentative tax.
Decision will be entered, on W days' notice, under Rule 50.

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4499853. Public record. Not legal advice.