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Helvering v. American Chicle Co., 291 U.S. 426 (1934)
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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.
Helvering v. American Chicle Co., 291 U.S. 426 (1934)
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Helvering v. American Chicle Co. No. 349 Argued February 6, 1934 Decided March 5, 1934 291 U.S. 426
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
Under the Revenue Acts of 1921, 1924 and 1926, a corporation which acquired all of the assets and assumed all of the liabilities of another, and thereafter purchased in the open market some of the latter’s bonds at less than their face value, held to have realized a taxable gain in the difference between the face value of the bonds and the amount it paid for them. United States v. Kirby Lumber Co., 284 U.S. 1. P. 430.
65 F.2d 454 reversed.
Certiorari, 290 U.S. 616, to review a judgment affirming a decision of the Board of Tax Appeals, 23 B.T.A. 221.
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Chicago:
U.S. Supreme Court, "Syllabus," Helvering v. American Chicle Co., 291 U.S. 426 (1934) in 291 U.S. 426 291 U.S. 427–291 U.S. 428. Original Sources, accessed July 30, 2025, http://originalsources.com/Document.aspx?DocID=73JXNK88SSIYTGB.
MLA:
U.S. Supreme Court. "Syllabus." Helvering v. American Chicle Co., 291 U.S. 426 (1934), in 291 U.S. 426, pp. 291 U.S. 427–291 U.S. 428. Original Sources. 30 Jul. 2025. http://originalsources.com/Document.aspx?DocID=73JXNK88SSIYTGB.
Harvard:
U.S. Supreme Court, 'Syllabus' in Helvering v. American Chicle Co., 291 U.S. 426 (1934). cited in 1934, 291 U.S. 426, pp.291 U.S. 427–291 U.S. 428. Original Sources, retrieved 30 July 2025, from http://originalsources.com/Document.aspx?DocID=73JXNK88SSIYTGB.
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