LaBelle Iron Works v. United States
Supreme Court of the United States
APPEAL PROM THE COURT OP CLAIMS. Appeal from a judgment of the Court of Claims disallowing a claim for a refund of money alleged to have' been unlawfully exacted as an excess profits tax.
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APPEAL PROM THE COURT OP CLAIMS. Appeal from a judgment of the Court of Claims disallowing a claim for a refund of money alleged to have' been unlawfully exacted as an excess profits tax. The facts are stated in the opinion, post, 383. By the correct construction of the act the appellant is entitled to include as paid in or earned surplus and undivided profits, under § 207 (a) (3) of the act, the increase in the value of the ore lands due to the discovery of the ore bodies and to the natural increase in the market price of ore. The act contains no definition of the words “paid in or earned…
1Opinion of the CourtJustice Pitney
The Court of Claims dismissed appellant’s petition which claimed a refund of $1,081,184.61, alleged to have been erroneously assessed and exacted as an “excess profits tax” under Title II of the Revenue Act of 1917 (Act of October 3, 1917, c. 63, 40 Stat. 300, 302, et seq.). The case involves the construction and application of those provisions by which the deduction from income, for the purposes of the tax, is measured by the “invested capital” of the taxpayer; and a question is raised as to the constitutionality of the act as construed and applied.
Title I of the act imposed “War Income…
2Cases cited13 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Knowlton v. MooreSupreme Court of the United States · 1900
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
8 more not listed; retrieve them via the Exa API.
3Cited by308 opinions
- Adarand Constructors, Inc. v. PenaSupreme Court of the United States · 1995
- Steward MacHine Co. v. DavisSupreme Court of the United States · 1937
- Welch v. HenrySupreme Court of the United States · 1938
- Currin v. WallaceSupreme Court of the United States · 1939
- Fernandez v. WienerSupreme Court of the United States · 1946
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