|
|
Commissioner v. Lincoln Savings & Loan Assn., 403 U.S. 345 (1971)
Contents:
Show Summary
Hide Summary
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.
Commissioner v. Lincoln Savings & Loan Assn., 403 U.S. 345 (1971)
Commissioner of Internal Revenue v. Lincoln Savings & Loan Assn. No. 544 Argued February 23, 1971 Decided June 14, 1971 403 U.S. 345
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE NINTH CIRCUIT
Syllabus
Payment by a state-chartered savings and loan association of the "additional premium" required by § 404(d) of the National Housing Act to be paid to the Federal Savings and Loan Insurance Corp. is not deductible for income tax purposes as an ordinary and necessary business expense under § 162(a) of the Internal Revenue Code. Pp. 352-359
422 F.2d 90, reversed.
BLACKMUN, J., delivered the opinion of the Court, in which BURGER, C.J., and BLACK, HARLAN, BRENNAN, STEWART, WHITE, and MARSHALL, JJ., joined. DOUGLAS, J., filed a dissenting opinion, post, p. 359.
Contents:
Chicago: U.S. Supreme Court, "Syllabus," Commissioner v. Lincoln Savings & Loan Assn., 403 U.S. 345 (1971) in 403 U.S. 345 Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=7I2MFM6IGWALJTQ.
MLA: U.S. Supreme Court. "Syllabus." Commissioner v. Lincoln Savings & Loan Assn., 403 U.S. 345 (1971), in 403 U.S. 345, Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=7I2MFM6IGWALJTQ.
Harvard: U.S. Supreme Court, 'Syllabus' in Commissioner v. Lincoln Savings & Loan Assn., 403 U.S. 345 (1971). cited in 1971, 403 U.S. 345. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=7I2MFM6IGWALJTQ.
|