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