American Sugar Refining Co. v. Rutan

Citations

• 123 F. 979
• 1 A.F.T.R. (P-H) 85
• 1903 U.S. App. LEXIS 4963

Syllabus

<p>1. Internal Revenue—War Revenue Tax on Sugar Refiners—Items Included in Gross Receipts.</p> <p>In computing the gross amount of all receipts “in its business” of a corporation whose sole business is the refining of sugar, for the purpose of the special tax imposed by the war revenue act of 1898 (Act June 14, 1898, c. 448, 30 Stat. 456 [U. S. Comp. St. 1901, p. 2297]), dividends received during the tax year on stock owned by it in another corporation should he included, being the equivalent of interest on its corporate funds, and it is immaterial that it was the sole stockholder of the other corporation, or that the dividends were earned by the latter in previous years.</p>