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Helvering v. Commercial Investment Trust Corp.

Circuit Court of Appeals, Second Circuit
Jan 7, 1935
74 F.2d 1015 (2d Cir. 1935)

Summary

In Commissioner v. Commercial Investment Trust Corporation, 74 F.2d 1015 (C.A. 2, 1935), affirming per curiam 28 B.T.A. 143 (1933), it was held that expenses incurred in connection with the issuance of preferred stock which was to be retired were not deductible currently or ratably over the contemplated life of the stock.

Summary of this case from Skaggs Cos.  v. Comm'r of Internal Revenue

Opinion

No. 26.

January 7, 1935.

Petitions for review of decision of the United States Board of Tax Appeals.

Bernhard Knollenberg and Harry J. Rudick, both of New York City (Lord, Day Lord, of New York City, of counsel), for taxpayer.

Frank J. Wideman, Asst. Atty. Gen., Sewall Key and John G. Remey, Sp. Assts. to Atty. Gen., for respondent.

Before MANTON, L. HAND, and CHASE, Circuit Judges.


Decision affirmed.


Summaries of

Helvering v. Commercial Investment Trust Corp.

Circuit Court of Appeals, Second Circuit
Jan 7, 1935
74 F.2d 1015 (2d Cir. 1935)

In Commissioner v. Commercial Investment Trust Corporation, 74 F.2d 1015 (C.A. 2, 1935), affirming per curiam 28 B.T.A. 143 (1933), it was held that expenses incurred in connection with the issuance of preferred stock which was to be retired were not deductible currently or ratably over the contemplated life of the stock.

Summary of this case from Skaggs Cos.  v. Comm'r of Internal Revenue
Case details for

Helvering v. Commercial Investment Trust Corp.

Case Details

Full title:Guy T. HELVERING, Commissioner of Internal Revenue, Petitioner, v…

Court:Circuit Court of Appeals, Second Circuit

Date published: Jan 7, 1935

Citations

74 F.2d 1015 (2d Cir. 1935)

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Skaggs Cos.  v. Comm'r of Internal Revenue

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