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General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955)
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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.
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
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE SECOND CIRCUIT
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. 426. Pp. 434-436.
211 F.2d 522, affirmed.
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Chicago:
U.S. Supreme Court, "Syllabus," General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955) in 348 U.S. 434 Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.
MLA:
U.S. Supreme Court. "Syllabus." General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955), in 348 U.S. 434, Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.
Harvard:
U.S. Supreme Court, 'Syllabus' in General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955). cited in 1955, 348 U.S. 434. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=LRLAAMK3A1PSTUH.
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