H. T. Cushman Mfg. Co. v. Commissioner
United States Board of Tax Appeals
1. Additional compensation fixed and paid in September, 1919, for services rendered in 1918 disallowed. Additional compensation regularly fixed and paid within the year allowed. 2. Taxpayer has established its right under section 327 of the Revenue Act of 1918 to have its profits tax computed under section 328 of that Act.
1Opinion of the Court
*41OPINION.
Littleton:
The taxpayer contends that the Commissioner erred in determining its invested capital for the years 1919 and 1920, in increasing its income for the year 1920 by $750.15, and in refusing to allow as a deduction from gross income for the year 1919 the amount of $3,800, paid to its officers in that year as additional compensation. The taxpayer also contends that because of the fact that no records are available to establish the exact amount spent in improving and enlarging its factory facilities prior to 1910, its invested capital for 1919 and 1920 can not be correctly…
2Cases cited1 opinion
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
3Cited by8 opinions
- W. M. Ritter Lumber Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- San Joaquin Fruit & Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Excelsior Motor Mfg. & Supply Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- H. T. Cushman Mfg. Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- San Joaquin Fruit & Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1933
3 more not listed; retrieve them via the Exa API.