State Revenue Commission v. Illges Securities Co.

This case involves the construction of certain parts of the Georgia income-tax act of 1931, as that act applies to a return for the calendar year 1933, made under the 1931 act by the Illges Securities Company. That company made a return for the year 1933, showing the following facts:

*256Entire Income from all Sources:

Dividends from corporation.......................$142,914.50

Interest on IT. S. obligations...................... 184.39

Interest on obligations of Georgia, or Political subdivisions thereof...................... 1,138.25

Interest received................................. 8,519.53

Total…