US SUPREME COURT DECISIONS

HELVERING V. PRICE, 309 U. S. 409 (1940)

Subscribe to Cases that cite 309 U. S. 409

U.S. Supreme Court

Helvering v. Price, 309 U.S. 409 (1940)

Helvering v. Price

No. 559

Argued March 5, 6, 1940

Decided March 25, 1940

309 U.S. 409

Syllabus

A taxpayer, keeping accounts upon a cash basis, is not entitled to deduct, as a loss sustained during the taxable year, Revenue Act, 1932, § 23(e), a payment made in discharge of his liability to a bank on a guaranty, but made by substituting his new note to the bank for his earlier one, of the same amount. P. 309 U. S. 412.

106 F.2d 336 reversed.

Certiorari, 308 U.S. 548, to review the reversal of a decision of the Board of Tax Appeals sustaining a deficiency assessment. chanrobles.com-red

Page 309 U. S. 410



























chanrobles.com



ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com