First Chrold Corporation v. Commissioner of Internal Revenue/Opinion of the Court
United States Supreme Court
First Chrold Corporation v. Commissioner of Internal Revenue
Argued: and Submitted Jan. 6, 1939. ---
This case presents the same question as that involved in No. 328, Helvering v. Reynolds Tobacco Co., 306 U.S. 110, 59 S.Ct. 423, 83 L.Ed. --, decided this day. Certiorari was granted because of a conflict in the decisions below. 305 U.S. 589, 59 S.Ct. 146, 83 L.Ed. --. The statutory provision under which this case arises is Section 22(a) of the Revenue Act of 1932, 26 U.S.C.A. § 22(a), which is the same as the corresponding section of the Revenue Act of 1928, 26 U.S.C.A. § 22(a). The regulations, original and amended, have the same relation to this controversy as to that in No. 328. The Board of Tax Appeals sustained a determination of a deficiency in the petitioner's tax for the calendar year 1933 and the Circuit Court of Appeals affirmed the Board's ruling. [1]
For the reasons given in No. 328 the judgment must be
Reversed.
Notes
edit- ↑ 8 Cir., 97 F.2d 22.
This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).
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