United States Board of Tax Appeals November 6, 1940, Docket No. 94886 (Kansas City, St. Louis & Chicago Railroad v. Commissioner)

*1168OPINION.

Hill:

The question presented involves the determination of the amount of income, if any, received or accrued to petitioner during the taxable year under the terms of the leasehold agreement.

*1169Petitioner in its income tax return reported income in tlie total amomit of $141,079.58, comprised of $124,026 representing the amount of dividends paid for it by the Alton Co.