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Anderson v. Helvering, 310 U.S. 404 (1940)
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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.
Anderson v. Helvering, 310 U.S. 404 (1940)
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Anderson v. Helvering No. 682 Argued April 2, 1940 Decided May 20, 1940 * 310 U.S. 404
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE TENTH CIRCUIT
Syllabus
Oil properties, including fee interests, were sold for a specified money consideration payable part in cash and the balance, with interest, from one-half of the proceeds to be received by the vendee from the oil and gas to be produced from the properties and from the sale by him of the fee of any or all of the land conveyed. The vendor was to have a first lien and claim against the one-half of oil and gas production and fee interests from which the balance was payable. The proceeds from production and sales were to go directly to the vendee, who was to deposit one-half to the credit of the vendor. The agreement recited the vendor’s desire to sell all interest in the properties, and, immediately upon its execution, they were conveyed to the vendee without reservation.
Held that the part of the gross proceeds which the vendee received from production and sale of oil from the properties and paid over to the vendor pursuant to the contract should be included in the gross income of the vendee in computing his income tax under the Revenue Act of 1932. P. 407.
107 F.2d 459 affirmed.
Certiorari, 309 U.S. 645, to review a judgment affirming a ruling of the Board of Tax Appeals.
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Chicago: U.S. Supreme Court, "Syllabus," Anderson v. Helvering, 310 U.S. 404 (1940) in 310 U.S. 404 310 U.S. 405. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=QRXQ5JIDYF43N3J.
MLA: U.S. Supreme Court. "Syllabus." Anderson v. Helvering, 310 U.S. 404 (1940), in 310 U.S. 404, page 310 U.S. 405. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=QRXQ5JIDYF43N3J.
Harvard: U.S. Supreme Court, 'Syllabus' in Anderson v. Helvering, 310 U.S. 404 (1940). cited in 1940, 310 U.S. 404, pp.310 U.S. 405. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=QRXQ5JIDYF43N3J.
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