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United States v. Boston Ins. Co., 269 U.S. 197 (1925)
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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.
United States v. Boston Ins. Co., 269 U.S. 197 (1925)
United States v. Boston Insurance Company No. 29 Argued October 9, 1925 Decided November 23, 1925 269 U.S. 197
APPEAL FROM THE COURT OF CLAIMS
Syllabus
The Revenue Act of 1916, § 12, Par. "First," subdiv. (c), in defining deductions from gross income allowable in ascertaining the net income of domestic corporation, included, in the case of insurance companies, "the net addition, if any, required by law to reserve fund." Held, that "reserve funds " does not embrace funds held by a fire and marine insurance company, as required by the New York Superintendent of Insurance, to cover accrued but unsettled claims for losses. McCoach v. Insurance Co., 244 U.S. 585, followed; Maryland Casualty Co. v. United States, 251 U.S. 342, explained and in part disapproved. P. 202.
58 Ct.Cls. 603 reversed.
Appeal from a judgment of the Court of Claims allowing recovery of an amount exacted of the Insurance Company as income taxes.
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Chicago: U.S. Supreme Court, "Syllabus," United States v. Boston Ins. Co., 269 U.S. 197 (1925) in 269 U.S. 197 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=IYSQGKJII49N7Q1.
MLA: U.S. Supreme Court. "Syllabus." United States v. Boston Ins. Co., 269 U.S. 197 (1925), in 269 U.S. 197, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=IYSQGKJII49N7Q1.
Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Boston Ins. Co., 269 U.S. 197 (1925). cited in 1925, 269 U.S. 197. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=IYSQGKJII49N7Q1.
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