Berks Foundry & Manufacturing Co. v. Commissioner

*757OPINION.

Littleton:

Petitioner claims that the Commissioner erred (1) in deducting a tentative tax in computing the current earnings available for the payment of dividends on March 19, 1920; (2) in reducing surplus at the beginning of the year 1920 in the amount of the tax upon the income for the preceding year prorated; (3) in reducing the earned surplus at January 1, 1920, in the amount of $6,650.05, representing an additional tax for the calendar year 1917 determined and assessed in the year 1923.

The first issue is governed by the Board’s decision in the Appeal of L. S. Ayers & Co., 1 B. T.…