UNITED STATES SUPREME COURT DECISIONS ON-LINE
GULF, MOBILE & NORTHERN R. CO. V. HELVERING, 293 U. S. 295 (1934)
293 U. S. 295U.S. Supreme Court
Gulf, Mobile & Northern R. Co. v. Helvering, 293 U.S. 295 (1934)
Gulf, Mobile & Northern R. Co. v. Helvering
No. 413
Argued November 13, 1934
Decided December 3, 1934
293 U.S. 295
Syllabus
Amortized discount on bonds of one corporation held by another cannot be deducted from gross income in their consolidated tax return. Old Mission Portland Cement Co. v. Helvering, ante, p. 293 U. S. 289.
63 App.D.C. 244, 71 F.2d 953, affirmed.
Certiorari to review the affirmance of an order of the Board of Tax Appeals, 22 B.T.A. 233, sustaining a deficiency assessment.