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Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938)
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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.
Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938)
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Minnesota Tea Co. v. Helvering No. 106 Argued December 16, 1937 Decided January 17, 1938 302 U.S. 609
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE EIGHT CIRCUIT
Syllabus
Money received by a corporation by exchange in a reorganization and turned over to its stockholders proportionally in pursuance of the plan of reorganization and subject to their agreement to assume and pay off indebtedness of the corporation of the same amount, which they thereupon fulfilled, was not distributed, within the meaning of § 112(d)(1) and (2) of the Revenue Act of 1928, and the gain included was therefore taxable to the corporation. P. 612.
In purpose and effect, the transaction was to pay the corporation’s debts, using the stockholders as a conduit.
89 F.2d 711 affirmed.
Certiorari, post, p. 665, to review a decree reversing a decision of the Board of Tax Appeals, 34 B.T.A. 145, overruling an income tax assessment. See s.c. 296 U.S. 378.
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Chicago: U.S. Supreme Court, "Syllabus," Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938) in 302 U.S. 609 302 U.S. 610. Original Sources, accessed June 18, 2024, http://originalsources.com/Document.aspx?DocID=T8E8PJ1WDEZ1MS6.
MLA: U.S. Supreme Court. "Syllabus." Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938), in 302 U.S. 609, page 302 U.S. 610. Original Sources. 18 Jun. 2024. http://originalsources.com/Document.aspx?DocID=T8E8PJ1WDEZ1MS6.
Harvard: U.S. Supreme Court, 'Syllabus' in Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938). cited in 1938, 302 U.S. 609, pp.302 U.S. 610. Original Sources, retrieved 18 June 2024, from http://originalsources.com/Document.aspx?DocID=T8E8PJ1WDEZ1MS6.
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