General American Investors Co., Inc. v. CommissionerAnnotate this Case
348 U.S. 434 (1955)
U.S. Supreme Court
General American Investors Co., Inc. v. Commissioner, 348 U.S. 434 (1955)
General American Investors Co., Inc. v. Commissioner
Argued February 28, 1955
Decided March 28, 1955
348 U.S. 434
Payments received by a corporation pursuant to the "insider profits" provisions of the Securities Exchange Act of 1934 and the Investment Company Act of 1940 are taxable as "gross income" to the corporation under § 22(a) of the Internal Revenue Code of 1939. Commissioner v. Glenshaw Glass Co., ante, p. 348 U. S. 426. Pp. 348 U. S. 434-436.
211 F.2d 522, affirmed.
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