Electro-Chemical Engraving Co., Inc. v. Commissioner
Annotate this Case
311 U.S. 513 (1941)
U.S. Supreme Court
Electro-Chemical Engraving Co., Inc. v. Commissioner, 311 U.S. 513 (1941)
Electro-Chemical Engraving Co., Inc. v.
Commissioner of Internal Revenue
Argued December 12, 1940
Decided January 6, 1941
311 U.S. 513
A loss sustained by a corporation upon foreclosure sale of its mortgaged property held, in computing taxable income under the Revenue Act of 1934, deductible only to the limited extent allowed by §§ 23(j) and 117(d) for losses from "sale" or exchanges of capital assets. Helvering v. Hammel, ante, p. 311 U. S. 504, followed. P. 311 U. S. 514.
110 F.2d 614 affirmed.
Certiorari, 310 U.S. 622, to review the reversal of a decision of the Board of Tax Appeals redetermining a deficiency in income tax.
Disclaimer: Official Supreme Court case law is only found in the print version of the United States Reports. Justia case law 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.