UNITED STATES SUPREME COURT DECISIONS ON-LINE

GENERAL AMERICAN INVESTORS CO., INC. V. COMMISSIONER, 348 U. S. 434 (1955)

Subscribe to Cases that cite 348 U. S. 434 RSS feed for this section

U.S. Supreme Court

General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955)

General American Investors Co., Inc. v. Commissioner

No. 114

Argued February 28, 1955

Decided March 28, 1955

348 U.S. 434

Syllabus

Payments received by a corporation pursuant to the "insider profits" provisions of the Securities Exchange Act of 1934 and the Investment Company Act of 1940 are taxable as "gross income" to the corporation under § 22(a) of the Internal Revenue Code of 1939. Commissioner v. Glenshaw Glass Co., ante, p. 348 U. S. 426. Pp. 348 U. S. 434-436.

211 F.2d 522, affirmed.


chanrobles.com



ChanRobles Professional Review, Inc.

ChanRobles Professional Review, Inc. : www.chanroblesprofessionalreview.com
ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com
ChanRobles CPA Review Online

ChanRobles CPALE Review Online : www.chanroblescpareviewonline.com
ChanRobles Special Lecture Series

ChanRobles Special Lecture Series - Memory Man : www.chanroblesbar.com/memoryman