Helvering v. GriffithsAnnotate this Case
318 U.S. 371 (1943)
U.S. Supreme Court
Helvering v. Griffiths, 318 U.S. 371 (1943)
Helvering v. Griffiths
Argued December 7, 1942
Decided March 1, 1943
318 U.S. 371
A holder of common stock in a corporation which had but the one class of stock outstanding received, in 1939, stock dividends (based on earnings and profits subsequent to February 28, 1913) in common stock identical with the stock on which they were declared. The divided stock was in no way realized upon in 1939.
Held, upon consideration of the legislative history and administrative construction, that Congress, by §§ 22(a) and 115(f)(1) of the Internal Revenue Code, did not intend to tax such stock dividends, and that there is no occasion to reconsider Eisner v. Macomber,252 U. S. 189. Pp. 318 U. S. 372, 318 U. S. 404.
129 F.2d 321, affirmed.
Certiorari, 317 U. S. 19, to review the affirmance of a decision of the Board of Tax Appeals which reversed the Commissioner's determination of a deficiency in respondent's income tax.
Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.