CHANROBLES VIRTUAL LAW LIBRARY
US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ | chanrobles.com™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : www.chanroblesbar.com DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for www.chanrobles.com


MINNESOTA TEA CO. V. HELVERING, 302 U. S. 609 (1938)

Subscribe to Cases that cite 302 U. S. 609 RSS feed for this section

U.S. Supreme Court

Minnesota Tea Co. v. Helvering, 302 U.S. 609 (1938)

Minnesota Tea Co. v. Helvering

No. 106

Argued December 16, 1937

Decided January 17, 1938

302 U.S. 609

Syllabus

Money received by a corporation by exchange in a reorganization and turned over to its stockholders proportionally in pursuance of the plan of reorganization and subject to their agreement to assume and pay off indebtedness of the corporation of the same amount, which they thereupon fulfilled, was not distributed, within the meaning of § 112(d)(1) and (2) of the Revenue Act of 1928, and the gain included was therefore taxable to the corporation. P. 302 U. S. 612. chanroblesvirtualawlibrary

Page 302 U. S. 610

In purpose and effect, the transaction was to pay the corporation's debts, using the stockholders as a conduit.

89 F.2d 711 affirmed.

Certiorari, post, p. 665, to review a decree reversing a decision of the Board of Tax Appeals, 34 B.T.A. 145, overruling an income tax assessment. See s.c. 296 U. S. 296 U.S. 378.





Back
ChanRobles™ LawTube

google search for chanrobles.com Search for www.chanrobles.com


Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



www.chanrobles.us




QUICK SEARCH

cralaw

Browse By ->> Volume


cralaw

Browse By ->> Year


cralaw

  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library | chanrobles.com™
 
RED