BOWERS V. KERBAUGH-EMPIRE CO., 271 U. S. 170 (1926)
Subscribe to Cases that cite 271 U. S. 170
Case Resources
Search this Case
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
Online Research Resources
Cornell LII
Cornell Wex Dictionary & Encyclopedia
LLRX.com - Legal Research
Expert Witness Directory
Nolo Consumer & Business
US Court Forms
USA Constitution Annotated
WashLaw Directory
World LII
Online Case Law
Cornell LII
FastCase $
Lexis $
LexisOne
Loislaw $
USSCPlus.com $
VersusLaw $
Link to the Case Preview: http://supreme.justia.com/us/271/170/
Link to the Full Text of Case: http://supreme.justia.com/us/271/170/case.html
U.S. Supreme Court
Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926)
Bowers v. Kerbaugh-Empire Company
No. 173
Argued January 25, 1926
Decided May 3, 1926
271 U.S. 170
Syllabus
Plaintiff borrowed money from a bank in Germany before the War, repayable in marks or their equivalent in gold coin of the United States, lost the borrowed money in business, and repaid the loan to the Alien Property Custodian in 1921, when marks had greatly depreciated, the amount of the depreciation, however, being less than the losses sustained on the entire transaction. Held that the difference, resulting from the depreciation, between the amount borrowed and the amount repaid, in American money, was not taxable as " income." P. 271 U. S. 173.
300 F.9d 8 affirmed.
Error to a judgment of the district court recovered by the company from the Collector in an action for money paid under protest as income tax.