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United States v. Benedict, 338 U.S. 692 (1950)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
United States v. Benedict, 338 U.S. 692 (1950)
United States v. Benedict No. 45 Argued November 8, 1949 Decided February 13, 1950 338 U.S. 692
CERTIORARI TO THE COURT OF CLAIMS
Syllabus
In 1944, trustees permanently set aside a charitable contribution from gains realized upon the disposition of capital assets held in the trust for more than six months. Pursuant to § 117(b) of the Internal Revenue Code, they treated only 50% of these capital gains as income in computing the income of the trust.
Held: under § 162(a), only 50% of the charitable contribution (the proportionate part attributable to the taxable part of the capital gains) could be deducted in computing the federal income tax of the trust. Pp. 692-699.
112 Ct.Cl. 550, 81 F.Supp. 717, reversed.
The Court of Claims awarded respondents a judgment for a refund of income taxes. 112 Ct.Cl. 550, 81 F.Supp. 717. This Court granted certiorari. 336 U.S. 966. Reversed, p. 699.
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Chicago: U.S. Supreme Court, "Syllabus," United States v. Benedict, 338 U.S. 692 (1950) in 338 U.S. 692 Original Sources, accessed November 25, 2024, http://originalsources.com/Document.aspx?DocID=39R2LW375HCB1Q8.
MLA: U.S. Supreme Court. "Syllabus." United States v. Benedict, 338 U.S. 692 (1950), in 338 U.S. 692, Original Sources. 25 Nov. 2024. http://originalsources.com/Document.aspx?DocID=39R2LW375HCB1Q8.
Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Benedict, 338 U.S. 692 (1950). cited in 1950, 338 U.S. 692. Original Sources, retrieved 25 November 2024, from http://originalsources.com/Document.aspx?DocID=39R2LW375HCB1Q8.
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