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Helvering v. Price, 309 U.S. 409 (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.
Helvering v. Price, 309 U.S. 409 (1940)
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Helvering v. Price No. 559 Argued March 5, 6, 1940 Decided March 25, 1940 309 U.S. 409
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FOURTH CIRCUIT
Syllabus
A taxpayer, keeping accounts upon a cash basis, is not entitled to deduct, as a loss sustained during the taxable year, Revenue Act, 1932, § 23(e), a payment made in discharge of his liability to a bank on a guaranty, but made by substituting his new note to the bank for his earlier one, of the same amount. P. 412.
106 F.2d 336 reversed.
Certiorari, 308 U.S. 548, to review the reversal of a decision of the Board of Tax Appeals sustaining a deficiency assessment.
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Chicago: U.S. Supreme Court, "Syllabus," Helvering v. Price, 309 U.S. 409 (1940) in 309 U.S. 409 309 U.S. 410. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=X1R4YQYHKSYAQW3.
MLA: U.S. Supreme Court. "Syllabus." Helvering v. Price, 309 U.S. 409 (1940), in 309 U.S. 409, page 309 U.S. 410. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=X1R4YQYHKSYAQW3.
Harvard: U.S. Supreme Court, 'Syllabus' in Helvering v. Price, 309 U.S. 409 (1940). cited in 1940, 309 U.S. 409, pp.309 U.S. 410. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=X1R4YQYHKSYAQW3.
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