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Scaife Co. v. Commissioner, 314 U.S. 459 (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.
Scaife Co. v. Commissioner, 314 U.S. 459 (1941)
Scaife Company v. Commissioner of Internal Revenue No. 57 Argued December 11, 1941 Decided December 22, 1941 314 U.S. 459
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
1. By the terms of the capital stock tax provisions of the Revenue Act of 1935, an erroneous valuation of its capital stock made by a corporation in its "first return" cannot be corrected by an amended return filed more than 30 days after the statutory due date and within the 60 days period for which an extension might have been had under the statute and the Treasury Regulations, but where no such extension was applied for or granted. P. 461.
2. In view of the express command of the statute, relief against such a mistake cannot be granted by a court of equity. P. 462.
117 F.2d 572 affirmed.
Certiorari, 313 U.S. 557, to review a judgment sustaining a decision of the Board of Tax Appeals, 41 B.T.A. 278, declining to redetermine an excess profits tax.
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Chicago:
U.S. Supreme Court, "Syllabus," Scaife Co. v. Commissioner, 314 U.S. 459 (1941) in 314 U.S. 459 Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=CEFRTI8J4MHM7DI.
MLA:
U.S. Supreme Court. "Syllabus." Scaife Co. v. Commissioner, 314 U.S. 459 (1941), in 314 U.S. 459, Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=CEFRTI8J4MHM7DI.
Harvard:
U.S. Supreme Court, 'Syllabus' in Scaife Co. v. Commissioner, 314 U.S. 459 (1941). cited in 1941, 314 U.S. 459. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=CEFRTI8J4MHM7DI.
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