American Leather Products Co. v. Commissioner
Cases that cite this one
1 later published case cites this decision.
- American Leather Prods. Co. v. Commissioner (United States Board of Tax Appeals 1927)
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
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 All issues have been withdrawn except that with respect to the correctness of the Commissioner’s action in reducing petitioner’s invested capital for 1920 by reason of accruing a tentative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.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.