General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955)

Name: General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955) - Syllabus
Author: U.S. Supreme Court

General American Investors Co., Inc. v. Commissioner

No. 114

Argued February 28, 1955
Decided March 28, 1955
348 U.S. 434

CERTIORARI TO THE UNITED STATES COURT OF APPEALS

FOR THE SECOND CIRCUIT

Syllabus

Payments received by a corporation pursuant to the "insider profits" provisions of the Securities Exchange Act of 1934 and the Investment Company Act of 1940 are taxable as "gross income" to the corporation under § 22(a) of the Internal Revenue Code of 1939. Commissioner v. Glenshaw Glass Co., ante, p. 426. Pp. 434-436.

211 F.2d 522, affirmed.

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Chicago: U.S. Supreme Court, "Syllabus," General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955) in 348 U.S. 434 Original Sources, accessed June 7, 2025, http://originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.

MLA: U.S. Supreme Court. "Syllabus." General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955), in 348 U.S. 434, Original Sources. 7 Jun. 2025. http://originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.

Harvard: U.S. Supreme Court, 'Syllabus' in General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955). cited in 1955, 348 U.S. 434. Original Sources, retrieved 7 June 2025, from http://originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.

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