United States Board of Tax Appeals, 1925

Appeal of the Rhode Island Tool Co.

United States Board of Tax Appeals · Decided November 28, 1925 · Green, Iagen, Love, Steeni, Sternhagen

3 B.T.A. 180

Cases that cite this one

1 later published case cites this decision.

Rhode Island Tool Co. v. Commissioner (United States Board of Tax Appeals 1925)

This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.

Opinion of the Court

*181OPINION.

Sternhagen

: Since this appeal was filed the Board has decided the Appeal of L. S. Ayers & Co., 1 B. T. A., 1135, and the Appeal of Guarantee Construction Co., 2 B. T. A. 1145. From the opinions in those cases, which we need not now repeat, it is clear that the position of the taxpayer as to the proper determination of invested capital in respect of Federal income and profits taxes based on the income- for preceding years must be sustained, except in so far as *182concerns the dividends paid January 15 of each year, which dividends are deductible in full from invested capital of the year from the date paid. Sec. 201 (e), Revenue Act of 1918.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.