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Schafer v. Helvering, 299 U.S. 171 (1936)
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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.
Schafer v. Helvering, 299 U.S. 171 (1936)
Schafer v. Helvering No. 24 Argued November 17, 1936 Decided December 7, 1936 * 299 U.S. 171
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE DISTRICT OF COLUMBIA
Syllabus
1. Consideration of the case is confined to the issue tendered by the petition for certiorari. P. 172.
2. A stock broker, in purchasing shares for his own account in expectation of a rise in the market, for resale to any buyer at a profit, is not a "dealer in securities," entitled under Art. 105 of Treasury Regulations 74 to use inventories of securities at market value in computing income for taxation. P. 173.
65 App.D.C. 292, 83 F.2d 317, affirmed.
Certiorari, 298 U.S. 650, to review the affirmance of a decision of the Board of Tax Appeals, 32 B.T.A. 289, sustaining a deficiency income tax assessment.
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Chicago: U.S. Supreme Court, "Syllabus," Schafer v. Helvering, 299 U.S. 171 (1936) in 299 U.S. 171 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=5MMVHENVJ1NYR68.
MLA: U.S. Supreme Court. "Syllabus." Schafer v. Helvering, 299 U.S. 171 (1936), in 299 U.S. 171, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=5MMVHENVJ1NYR68.
Harvard: U.S. Supreme Court, 'Syllabus' in Schafer v. Helvering, 299 U.S. 171 (1936). cited in 1936, 299 U.S. 171. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=5MMVHENVJ1NYR68.
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