Legal Opinion
Helvering v. Metropolitan Edison Co.
Supreme Court of the United States
Decided April 3, 1939No. Nos. 486, 487PublishedCited by 76 opinions
1Opinion of the Court
Mb.. Justice Roberts
delivered the opinion of the Court.
These cases' present the question whether, under the Revenue Acts of 1926. and 1928, 1 a Pennsylvania, corporation may deduct unamortized bond discount and expense in connection with redemption of the bonds of a subsidiary, all of whose assets it had previously acquired pursuant to local law. The court below answered this question in the affirmative. 2 By reason of a direct conflict of decision we granted the writ of certiorari. 3
The respondent in No. 486 is a Pennsylvania corporation supplying electric light and power in that state and…
2Cases cited12 opinions
- Buist's EstateSupreme Court of Pennsylvania · 1929
- New York Cent. R. Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1935
- Pennsylvania Utilities Co. v. Public Service CommissionSuperior Court of Pennsylvania · 1918
- Merwine v. Mt. Pocono Light & Improvement Co.Supreme Court of Pennsylvania · 1931
- York Haven W. & P. Co. v. Public Service CommissionSupreme Court of Pennsylvania · 1926
7 more not listed; retrieve them via the Exa API.
3Cited by76 opinions
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- Ladjevardian v. Laidlaw-Coggeshall, Inc.District Court, S.D. New York · 1977
- Farris v. Glen Alden Corp.Supreme Court of Pennsylvania · 1958
- Newmarket Manufacturing Company v. United StatesCourt of Appeals for the First Circuit · 1956
- Stanton Brewery v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1949
71 more not listed; retrieve them via the Exa API.