Legal Opinion
Royal Mfg. Co. v. Commissioner
Court of Appeals for the Third Circuit
Decided December 30, 1943No. 8200PublishedCited by 2 opinions
1Opinion of the Court
JONES, Circuit Judge.
The corporate petitioner in computing its surtax for the year 1936 on its undistributed profits, as defined by Sec. 14(a) of the Revenue Act of 1936,1 took credit in the sum of $50,000 for a dividend allegedly paid within the meaning of Sec. 27 (a) of the same Revenue Act.2 The Commissioner disallowed the credit and determined a deficiency. The matter is now here on the taxpayer’s petition for a review of the decision of the Board of Tax Appeals which sustained the action of the Commissioner.
The attending circumstances and the action taken by the taxpayer in respect of…
2Cases cited10 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Weiss v. StearnSupreme Court of the United States · 1924
- Palmer v. CommissionerSupreme Court of the United States · 1937
- R. H. Bouligny, Inc. v. CommissionerUnited States Board of Tax Appeals · 1941
- Valley Tractor & Equipment Co. v. CommissionerUnited States Board of Tax Appeals · 1940
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3Cited by2 opinions
- Anderson v. Comm'rUnited States Tax Court · 1989
- Anderson v. Comm'rUnited States Tax Court · 1989