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Eckert v. Burnet, 283 U.S. 140 (1931)
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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.
Eckert v. Burnet, 283 U.S. 140 (1931)
Eckert v. Burnet No. 351 Argued March 19, 1931 Decided April 13, 1931 283 U.S. 140
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
One who, being liable as endorser of the note of an insolvent maker, takes up the note by substituting one of his own and marks the old note paid is not thereby entitled, under Revenue Act of 1924, § 214(a)(7), in returning his income on a cash basis for the tax year in which the transaction occurred, to deduct the amount of the old note as a debt "ascertained to be worthless and charged off within the taxable year." P. 141.
42 F.2d 158 affirmed.
Certiorari, 282 U.S. 826, to review a judgment which affirmed a decision of the Board of Tax Appeals, 17 B.T.A. 263, sustaining the disallowance of a deduction from income.
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Chicago: U.S. Supreme Court, "Syllabus," Eckert v. Burnet, 283 U.S. 140 (1931) in 283 U.S. 140 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=3CSBMWGZP8VS76D.
MLA: U.S. Supreme Court. "Syllabus." Eckert v. Burnet, 283 U.S. 140 (1931), in 283 U.S. 140, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=3CSBMWGZP8VS76D.
Harvard: U.S. Supreme Court, 'Syllabus' in Eckert v. Burnet, 283 U.S. 140 (1931). cited in 1931, 283 U.S. 140. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=3CSBMWGZP8VS76D.
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