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Griffiths v. Commissioner, 308 U.S. 355 (1939)
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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.
Griffiths v. Commissioner, 308 U.S. 355 (1939)
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Griffiths v. Commissioner of Internal Revenue No. 49 Argued December 5, 1939 Decided December 18, 1939 308 U.S. 355
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SEVENTH CIRCUIT
Syllabus
A taxpayer cannot escape or postpone the income tax on the profit derived from a sale of his stock by interposing as vendor in the transaction a corporation formed for the purpose and wholly controlled by himself, which, in form, receives from him a conveyance of the shares, transfers them to the purchaser, receives the purchaser’s money, and agrees to pay it over to the taxpayer in annual installments. P. 357.
103 F.2d 110 affirmed.
Certiorari, post, p. 531, to review a decision which reversed an order of the Board of Tax Appeals, 37 B.T.A. 314, overruling a deficiency income tax assessment.
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Chicago: U.S. Supreme Court, "Syllabus," Griffiths v. Commissioner, 308 U.S. 355 (1939) in 308 U.S. 355 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=85I23NN19SV1G16.
MLA: U.S. Supreme Court. "Syllabus." Griffiths v. Commissioner, 308 U.S. 355 (1939), in 308 U.S. 355, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=85I23NN19SV1G16.
Harvard: U.S. Supreme Court, 'Syllabus' in Griffiths v. Commissioner, 308 U.S. 355 (1939). cited in 1939, 308 U.S. 355. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=85I23NN19SV1G16.
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