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Helvering v. Bashford, 302 U.S. 454 (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.
Helvering v. Bashford, 302 U.S. 454 (1938)
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Helvering v. Bashford No. 33 Argued October 21, 1937 Reargued December 15, 1937 Decided January 3, 1938 302 U.S. 454
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
The A corporation brought about a consolidation of three of its competitors into a new corporation, of which it became the owner of all the preferred shares and 57% of the common shares. Stockholders of the consolidated companies received, in exchange for their shares, shares of the new corporation, shares of the A corporation, and cash which the A corporation supplied. Held, the A corporation was not a "party to a reorganization" under § 112(b)(3) of the Revenue Act of 1928; its shares received by stockholders of the consolidated companies were "other property" under § 112(c)(1), and gain thereon was taxable. Following Groman v. Commissioner, ante, p. 82. P. 458.
87 F.2d 827 reversed.
Certiorari, 301 U.S. 78, to review a judgment affirming a decision of the Board of Tax Appeals, 33 B.T.A. 10, which reversed an order of the Commissioner assessing a deficiency in income tax.
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Chicago: U.S. Supreme Court, "Syllabus," Helvering v. Bashford, 302 U.S. 454 (1938) in 302 U.S. 454 302 U.S. 455. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=WELJQNXRLVRPEZP.
MLA: U.S. Supreme Court. "Syllabus." Helvering v. Bashford, 302 U.S. 454 (1938), in 302 U.S. 454, page 302 U.S. 455. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=WELJQNXRLVRPEZP.
Harvard: U.S. Supreme Court, 'Syllabus' in Helvering v. Bashford, 302 U.S. 454 (1938). cited in 1938, 302 U.S. 454, pp.302 U.S. 455. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=WELJQNXRLVRPEZP.
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