Case Name: Best Steel Castings Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-02-19
Citations: 6 B.T.A. 274
Docket Number: Docket No. 8326
Parties: Best Steel Castings Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 274–275

Head Matter:
Best Steel Castings Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 8326.
Promulgated February 19, 1927.
W. W. Spalding, Esq., for the petitioner.
Geo. G. Witter, Esq., for the respondent.

Opinion:
OPINION.
Smith:
It must be held that the Commissioner was in error in reducing the amount of earnings available for the payment of the dividend on April 21, 1919, by the amount of a tentative tax payable for the year 1919. Appeal of L. S. Ayers & Co., 1 B. T. A. 1135.
The second point raised by the petitioner based upon the decision of the Board in the Appeal of Guarantee Construction Co., 2 B. T. A. 1145, is now ruled adversely to the petitioner by section 1207 of the Revenue Act of 1926. See Appeal of Russel Wheel & Foundry Co., 3 B. T. A. 1168.
Judgment loill be entered on 15 days' notice, under Rule 50.