[Download] "Budd International Corp. V. Commissioner Of Internal Revenue." by United States Court of Appeals for the Third Circuit # Book PDF Kindle ePub Free
eBook details
- Title: Budd International Corp. V. Commissioner Of Internal Revenue.
- Author : United States Court of Appeals for the Third Circuit
- Release Date : January 17, 1944
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
Upon rehearing the taxpayer urged that the reasoning upon which we held that it was entitled to credit to the extent of the sinking fund in computing its undistributed net income also entitled it to a credit to the extent of the preferred dividends in default, plus two additional semiannual preferred dividends. In support of this contention the taxpayer calls attention to a paragraph in its amended articles of incorporation and preferred stock certificates which reads: