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Helvering v. William Flaccus Oak Leather Co., 313 U.S. 247 (1941)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Helvering v. William Flaccus Oak Leather Co., 313 U.S. 247 (1941)
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Helvering v. William Flaccus Oak Leather Co. No. 627 Argued April 3, 1941 Decided April 28, 1941 313 U.S. 247
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
A sum received by a taxpayer as proceeds of insurance on buildings and equipment destroyed by fire (no part of the sum so received having been expended to replace the destroyed property, which, prior to 1935, had been completely depreciated for income tax purposes) held not a gain from the "sale or exchange" of capital assets within the meaning of § 117(d) of the Revenue Act of 1934. P. 249.
114 F.2d 783, reversed.
Certiorari, 312 U.S. 671, to review the reversal of a decision of the Board of Tax Appeals which sustained the Commissioner’s determination of a deficiency in income tax.
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Chicago:
U.S. Supreme Court, "Syllabus," Helvering v. William Flaccus Oak Leather Co., 313 U.S. 247 (1941) in 313 U.S. 247 313 U.S. 248. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=5H5M34T1R4ULAEA.
MLA:
U.S. Supreme Court. "Syllabus." Helvering v. William Flaccus Oak Leather Co., 313 U.S. 247 (1941), in 313 U.S. 247, page 313 U.S. 248. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=5H5M34T1R4ULAEA.
Harvard:
U.S. Supreme Court, 'Syllabus' in Helvering v. William Flaccus Oak Leather Co., 313 U.S. 247 (1941). cited in 1941, 313 U.S. 247, pp.313 U.S. 248. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=5H5M34T1R4ULAEA.
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