Gulf, Mobile & Northern R. Co. v. Helvering
293 U.S. 295 (1934)

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U.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.

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