Helvering v. Union Pacific Railroad Co.,
Annotate this Case
293 U.S. 282 (1934)
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U.S. Supreme Court
Helvering v. Union Pacific Railroad Co., 293 U.S. 282 (1934)
Helvering v. Union Pacific Railroad Co.
Argued November 7, 1934
Decided December 3, 1934
293 U.S. 282
1. A corporation which sold an issue of bonds at a discount and paid commissions for marketing them, and which keeps its accounts and makes its returns on the accrual basis, may amortize the commissions as well as the discount over the life of the bonds, and the amount so allocated to each year may be deducted from gross income as a loss or expense of that year. P. 293 U. S. 284.
69 F.2d 67 affirmed.
Certiorari to review the reversal of a decision of the Board of Tax Appeals, 26 B.T.A. 1126, upholding in part a deficiency assessment made by the Commissioner.