Legal Opinion
Helvering v. R. J. Reynolds Tobacco Co.
Supreme Court of the United States
Decided January 30, 1939No. 328PublishedCited by 390 opinions
1Opinion of the CourtJustice Roberts
The sole question for decision is whether gain accruing to a corporation consequent on the purchase and re sale of its own shares constitutes gross income within the meaning of § 22 (a) of the Revenue Act of 1928.
The respondent, a New Jersey corporation, on occasion between 1921 *and 1929, purchased its own Class B common stock for reasons of policy, such as the elimination of a very large single holding, the broadening of the ownership of the stock, and the support of the market to protect the investments of employe shareholders. This stock was resold from time to time.. While held it was…
2Cases cited7 opinions
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- E. R. Squibb & Sons v. HelveringCourt of Appeals for the Second Circuit · 1938
- Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1932
- Borg v. International Silver Co.District Court, S.D. New York · 1926
- RJ Reynolds Tobacco Co. v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1938
2 more not listed; retrieve them via the Exa API.
3Cited by390 opinions
- National Labor Relations Board v. Bell Aerospace Co.Supreme Court of the United States · 1974
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Crane v. CommissionerSupreme Court of the United States · 1947
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
385 more not listed; retrieve them via the Exa API.