Legal Opinion
Helvering v. Atlas Life Ins.
Court of Appeals for the Tenth Circuit
Decided June 17, 1935No. Nos. 1199, 1200PublishedCited by 3 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
No. 1199.
It was held in Helvering v. Inter-Mountain Life Ins. Co., 294 U. S. 686, 55 S. Ct. 572, 79 L. Ed. 1227, that assets held by' an insurance company against matured and unpaid coupons attached to nonparticipating policies do not constituted reserve required by the law within the meaning of section 245 (a) (2) of the Revenue Act of 1921 (42 Stat. 261).
This requires a reversal in 1199 with instructions not to include assets held as reserves against matured and unpaid coupons attached to policies of life insurance issued by the insurance company, in computing “the…
2Cases cited17 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Willcutts v. BunnSupreme Court of the United States · 1931
- Gillespie v. OklahomaSupreme Court of the United States · 1922
- Johnson v. MarylandSupreme Court of the United States · 1920
- Indian Motocycle Co. v. United StatesSupreme Court of the United States · 1931
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3Cited by3 opinions
- Garrison General Tire Service, Inc. v. MontgomeryNew Mexico Supreme Court · 1965
- Alabama Displays, Inc. v. United StatesUnited States Court of Claims · 1974
- Mountain Producers Corp. v. CommissionerCourt of Appeals for the Tenth Circuit · 1937