Case Name: Pittsburgh Knife & Forge Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-04-29
Citations: 6 B.T.A. 1083
Docket Number: Docket No. 7464
Parties: Pittsburgh Knife & Forge Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 1083–1084

Head Matter:
Pittsburgh Knife & Forge Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 7464.
Promulgated April 29, 1927.
W. M. Smith, Esq., for the petitioner.
J. E. Marshall, Esq., for the respondent.

Opinion:
OPINION.
Littleton :
Petitioner's invested capital for 1918 should not have been reduced on account of the tentative tax computed upon the income for the year in determining the amount of current earnings available for the payment of dividends. Appeal of L. S. Ayers & Co., 1 B. T. A. 1135.
Judgment will T>e entered on 15 days' notice, under Rule 50.