Legal Opinion
Helvering v. National Grocery Co.
Supreme Court of the United States
Decided May 16, 1938No. 723PublishedCited by 677 opinions
1Opinion of the CourtJustice Brandeis
National Grocery Company is a New Jersey corporation, which operates chain stores. Since 1911 it has had $200,000 capital stock, all owned beneficially by Henry Kohl. In the year ending January 31, 1931, the corporation’s books showed a net profit of $682,850.38, after paying $104,000 to Kohl as salary and the regular federal corporation income tax of 12 per cent. Its surplus, as shown by its books, increased during the year from $7,245,824.26 to $7,938,965.54; that is $693,141.28. It paid no dividend.
Section 104 of the Revenue Act- of 1928, c. 852, 45 Stat. 814,. provides:
“(a) If any…
2Cases cited21 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Helvering v. MitchellSupreme Court of the United States · 1938
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Southern Pacific Co. v. LoweSupreme Court of the United States · 1918
- Helvering v. RankinSupreme Court of the United States · 1935
16 more not listed; retrieve them via the Exa API.
3Cited by677 opinions
- Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Neonatology Assocs., P.A. v. Comm'rUnited States Tax Court · 2000
- Helvering v. Northwest Steel Rolling Mills, Inc.Supreme Court of the United States · 1940
- Seymour Silverman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1976
672 more not listed; retrieve them via the Exa API.