1. Home
  2. Browse Decisions
  3. U.S.
  4. 296 U.S.
  5. 296 U.S. 378 (1935)
 

HELVERING v. MINNESOTA TEA CO.

No. 174.

296 U.S. 378 (1935)

56 S.Ct. 269

80 L.Ed. 284

HELVERING, COMMISSIONER OF INTERNAL REVENUE, v. MINNESOTA TEA CO.

Supreme Court of United States.

Decided December 16, 1935.

Attorney(s) appearing for the Case

Mr. J. Louis Monarch, with whom Solicitor General Reed, Assistant Attorney General Wideman, and Messrs. James W. Morris and Sewall Key were on the brief, for petitioner.

Messrs. Homer Hendricks and James G. Nye, with whom Messrs. Oscar Mitchell, C.J. McGuire, and Robert N. Miller were on the brief, for respondents.

By leave of Court, Mr. James S.Y. Ivins filed a brief as amicus curiae supporting the proposition that the word "securities" as used in the reorganization sections of the Revenue Acts was intended to include corporation bonds.

MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

No. 174.

Respondent, a Minnesota corporation with three stockholders, assailed a deficiency assessment for 1928 income tax, and prevailed below. The Commissioner seeks reversal. He claims the transaction out of which the assessment arose was not a reorganization within § 112, par. (i) (1) (A), Revenue Act, 1928, c. 852, 45 Stat. 791: "The term `reorganization' means (A) a merger or consolidation...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases