Bolivian International Mining Corp. v. Commissioner
United States Tax Court
A corporation is not entitled to an undistributed profits tax credit under section 26 (f) of the Revenue Act of 1936, as amended by section 501 (a) (3) of the Revenue Act of 1942, merely because it has a deficit in lieu of accumulated earnings and profits at the beginning of the taxable year.
1Opinion of the Court
Bolivian International Mining Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
Bolivian International Mining Corp. v. Commissioner
Docket No. 109059
United States Tax Court
1 T.C. 1110; 1943 U.S. Tax Ct. LEXIS 161;
May 18, 1943, Promulgated
Decision will be entered under Rule 50.
A corporation is not entitled to an undistributed profits tax credit under section 26 (f) of the Revenue Act of 1936, as amended by section 501 (a) (3) of the Revenue Act of 1942, merely because it has a deficit in lieu of accumulated earnings and profits at the beginning of the taxable year.
John F.…
2Cases cited1 opinion
- Bolivian International Mining Corp. v. CommissionerUnited States Tax Court · 1943