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Helvering v. Griffiths, 318 U.S. 371 (1943)
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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. Griffiths, 318 U.S. 371 (1943)
Helvering v. Griffiths No. 467 Argued December 7, 1942 Decided March 1, 1943 318 U.S. 371
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
A holder of common stock in a corporation which had but the one class of stock outstanding received, in 1939, stock dividends (based on earnings and profits subsequent to February 28, 1913) in common stock identical with the stock on which they were declared. The divided stock was in no way realized upon in 1939.
Held, upon consideration of the legislative history and administrative construction, that Congress, by §§ 22(a) and 115(f)(1) of the Internal Revenue Code, did not intend to tax such stock dividends, and that there is no occasion to reconsider Eisner v. Macomber, 252 U.S. 189. Pp. 372, 404.
129 F.2d 321, affirmed.
Certiorari, 317 U.S. 19, to review the affirmance of a decision of the Board of Tax Appeals which reversed the Commissioner’s determination of a deficiency in respondent’s income tax.
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Chicago: U.S. Supreme Court, "Syllabus," Helvering v. Griffiths, 318 U.S. 371 (1943) in 318 U.S. 371 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=UY7D9H8VVIT5RYY.
MLA: U.S. Supreme Court. "Syllabus." Helvering v. Griffiths, 318 U.S. 371 (1943), in 318 U.S. 371, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=UY7D9H8VVIT5RYY.
Harvard: U.S. Supreme Court, 'Syllabus' in Helvering v. Griffiths, 318 U.S. 371 (1943). cited in 1943, 318 U.S. 371. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=UY7D9H8VVIT5RYY.
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