1. Home
  2. Browse Decisions
  3. U.S.
  4. 316 U.S.
  5. 316 U.S. 527 (1942)
 

HELVERING v. CEMENT INVESTORS

No. 644.

316 U.S. 527 (1942)

62 S.Ct. 1125

86 L.Ed. 1649

HELVERING, COMMISSIONER OF INTERNAL REVENUE, v. CEMENT INVESTORS, INC.

Supreme Court of United States.

Decided June 1, 1942.

Attorney(s) appearing for the Case

Assistant Attorney General Clark, with whom Solicitor General Fahy and Messrs. Sewall Key, J. Louis Monarch, and Samuel H. Levy were on the briefs, for petitioner.

Mr. Stephen H. Hart, with whom Mr. James B. Grant was on the brief, for respondent in No. 644. Mr. Richard M. Davis for respondents in Nos. 645 and 646.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

The issue presented by these cases is whether, under § 112(b)(5) of the Revenue Act of 1936 (49 Stat. 1648, 1678, 26 U.S.C. § 112 (b) (5)), the gain of the taxpayers from the transactions in question should be recognized.

The taxpayers owned first mortgage bonds of Colorado Industrial Co., which was a wholly-owned subsidiary of the Colorado Fuel and...

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