All America Cables v. Commissioner
United States Board of Tax Appeals
1. Central & South American Telegraph Co. and Mexican Telegraph Co. held to have been affiliated for the period October 1, 1919, to December 31, 1919. 2. In determining the invested capital of a corporation for the calendar year 1917, such corporation being on the accrual basis, the income tax for 1916 should not be eliminated from 1917 invested capital until such tax becomes due and payable. 3. Where a taxpayer is on the accrual basis and dividends are declared during the…
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1. Central & South American Telegraph Co. and Mexican Telegraph Co. held to have been affiliated for the period October 1, 1919, to December 31, 1919. 2. In determining the invested capital of a corporation for the calendar year 1917, such corporation being on the accrual basis, the income tax for 1916 should not be eliminated from 1917 invested capital until such tax becomes due and payable. 3. Where a taxpayer is on the accrual basis and dividends are declared during the year, the earnings available for the payment of such dividends should not be reduced on the theory that a pro rata part…
1Opinion of the Court
ALL AMERICA CABLES, INC. (FORMERLY CENTRAL & SOUTH AMERICAN TELEGRAPH CO.), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MEXICAN TELEGRAPH CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
All America Cables v. Commissioner
Docket Nos. 9092, 9093.
United States Board of Tax Appeals
10 B.T.A. 213; 1928 BTA LEXIS 4173;
January 25, 1928, Promulgated
1. Central & South American Telegraph Co. and Mexican Telegraph Co. held to have been affiliated for the period October 1, 1919, to December 31, 1919.
2. In determining the invested capital of a corporation for the calendar…
2Cases cited7 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Edwards v. DouglasSupreme Court of the United States · 1925
- Mason v. RoutzahnSupreme Court of the United States · 1927
- L. S. Ayers & Co. v. CommissionerUnited States Board of Tax Appeals · 1925
- Guarantee Constr. Co. v. CommissionerUnited States Board of Tax Appeals · 1925
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