Anderson v. Forty-Two Broadway Co.
Supreme Court of the United States
CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT. . . The facts, which involve the construction of the Corporation Tax Act of 1909 and the liability of a realty corporation to pay the tax imposed thereby, are stated in the opinion.
1Opinion of the CourtJustice Pitney
This was an action to recover a tax alleged to have been erroneously imposed upon respondent for the year 1910 under the Corporation Tax Act of August 5, 1909 (36 Stat. 112, c. 6, § 38), and paid under protest, respondents contending that in ascertaining its net income for the purposes of the tax the entire amount of the interest paid by it within the year upon its mortgage indebtedness ought to have been allowed, the result of which would have been to leave no net income to be taxed; whereas the assessing officer allowed a deduction of interest upon an amount equal only to the capital stock…
2Cases cited4 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
- McCoach v. Minehill & Schuylkill Haven RailroadSupreme Court of the United States · 1913
- United States v. WhitridgeSupreme Court of the United States · 1913
3Cited by27 opinions
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Educational Films Corp. of America v. WardSupreme Court of the United States · 1931
- Helvering v. Independent Life InsuranceSupreme Court of the United States · 1934
- Atlantic Coast Line Railroad Co. v. DaughtonSupreme Court of the United States · 1923
- Houston Belt & Terminal Ry. Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1918
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