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Helvering v. Union Pacific Railroad Co., 293 U.S. 282 (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. Union Pacific Railroad Co., 293 U.S. 282 (1934)
Helvering v. Union Pacific Railroad Co. No. 51 Argued November 7, 1934 Decided December 3, 1934 293 U.S. 282
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
1. A corporation which sold an issue of bonds at a discount and paid commissions for marketing them, and which keeps its accounts and makes its returns on the accrual basis, may amortize the commissions as well as the discount over the life of the bonds, and the amount so allocated to each year may be deducted from gross income as a loss or expense of that year. P. 284.
2. So held where the commissions had been paid or allowed before the year 1913. Old Colony R. Co. v. Commissioner, 284 U.S. 552, distinguished. P. 287.
69 F.2d 67 affirmed.
Certiorari to review the reversal of a decision of the Board of Tax Appeals, 26 B.T.A. 1126, upholding in part a deficiency assessment made by the Commissioner.
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Chicago:
U.S. Supreme Court, "Syllabus," Helvering v. Union Pacific Railroad Co., 293 U.S. 282 (1934) in 293 U.S. 282 Original Sources, accessed July 30, 2025, http://originalsources.com/Document.aspx?DocID=QAEF8WJ29S1KSDN.
MLA:
U.S. Supreme Court. "Syllabus." Helvering v. Union Pacific Railroad Co., 293 U.S. 282 (1934), in 293 U.S. 282, Original Sources. 30 Jul. 2025. http://originalsources.com/Document.aspx?DocID=QAEF8WJ29S1KSDN.
Harvard:
U.S. Supreme Court, 'Syllabus' in Helvering v. Union Pacific Railroad Co., 293 U.S. 282 (1934). cited in 1934, 293 U.S. 282. Original Sources, retrieved 30 July 2025, from http://originalsources.com/Document.aspx?DocID=QAEF8WJ29S1KSDN.
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