# American Leather Prods. Co. v. Commissioner > United States Board of Tax Appeals · August 8, 1927 · 7 B.T.A. 1043 URL: https://www.frixlaw.com/law-library/cases/4499944 ## Case - **Full name:** AMERICAN LEATHER PRODUCTS CO., v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** August 8, 1927 - **Citations:** 7 B.T.A. 1043; 1927 BTA LEXIS 3045 - **Precedential status:** Published - **Opinion:** Opinion of the court by Smith - **Judges:** Littleton, Smith - **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/4499944 ## Opinion text Smith: This is a proceeding for the redetermination of a deficiency in income and profits tax for the calendar year 1920 in an amount less than $10,000. All issues have been withdrawn except that with respect to the correctness of the Commissioner’s action in reducing petitioner’s invested capital for 1920 by reason of accruing a tentative tax for the year 1920 pro rata throughout the year. This reduced the amount available for dividends on March 15,1920, by an amount alleged to be $1,873.43. The answer of the Commissioner admits that the Commissioner did not adjust the petitioner’s invested capital in accordance with the decision of the Board in Appeal of L. S. Ayers & Co., 1 B. T. A. 1135. The deficiency should be redetermined in accordance with the rule laid down in that appeal. Judgment will be entered on 15 days' notice, under Bule 50. Considered by Littleton. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4499944. Public record. Not legal advice.