UNITED STATES SUPREME COURT DECISIONS ON-LINE

G. & K. MANUFACTURING CO. V. HELVERING, 296 U. S. 389 (1935)

296 U. S. 389

U.S. Supreme Court

G. & K. Manufacturing Co. v. Helvering, 296 U.S. 389 (1935)

G. & K. Manufacturing Co. v. Helvering

No. 187

Argued November 20, 1935

Decided December 16, 1935

296 U.S. 389

Syllabus

1. A transfer by one corporation to another of substantially all of its assets for cash and common stock of the transferee corporation clubjuris

Page 296 U. S. 390

amounts to a reorganization under § 112(i)(1)(A) of the Revenue Act of 1928 even though the transferor corporation and its subsidiaries continued in business. P. 296 U. S. 391.

2. The Board of Tax Appeals having omitted to make finding as to whether the transfer was of substantially all of the assets of the transferor corporation, the cause is remanded for determination by the Board of this essential fact. P. 296 U. S. 391.

76 F.2d 454 reversed.

Certiorari to review a judgment affirming a decision of the Board of Tax Appeals which sustained a determination of a deficiency in income tax. Compare with the three cases preceding.


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