United States v. Cleveland, C., C. & St. L. Ry. Co.
Annotate this Case
247 U.S. 195 (1918)
- Syllabus |
U.S. Supreme Court
United States v. Cleveland, C., C. & St. L. Ry. Co., 247 U.S. 195 (1918)
United States v. Cleveland, Cincinnati,
Chicago & St. Louis Railway Company
Argued March 4, 5, 6, 1918
Decided May 20, 1918
247 U.S. 195
A railroad company bought hare of another railroad company before, and sold them after, December 31, 1908. Held that only so much af the profit as accrued after that date was "income" within the Corporation Tax Act. Doyle v. Mitchell Brothers Co., ante 247 U. S. 179; Hays v. Gauley Mountain Coal Co., ante, 247 U. S. 189.
242 F. 18 affirmed.
The case is stated in the opinion.