Legal Opinion
Helvering v. American Chicle Co.
Supreme Court of the United States
Decided March 5, 1934No. 349PublishedCited by 132 opinions
1Opinion of the CourtJustice McReynolds
Assessments by petitioner which treated as realized income the difference between the face value of certain bonds assumed by respondent in 1914 and the amount at which it purchased them in 1922, 1924 and 1925, were disapproved by the Board of Tax Appeals. The court below affirmed this action, and the matter is here by certiorari. The meager stipulated facts present only a narrow point.; and to that our decision must be limited.
Respondent is a New Jersey corporation the nature of whose business is undisclosed. Its books are kept on the accrual basis.
The Sen Sen Chiclet Company, incorporated…
2Cases cited2 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Bowers v. Kerbaugh-Empire Co.Supreme Court of the United States · 1926
3Cited by132 opinions
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Helvering v. BruunSupreme Court of the United States · 1940
- Putoma Corp. v. CommissionerUnited States Tax Court · 1976
- Dallas T. & T. Warehouse Co. v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1934
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