United States Reports: Cases Adjudged in the Supreme Court at ... and Rules Announced at ..., Volume 291United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner Banks & Bros., Law Publishers, 1934 - Courts |
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Page 41
... operation , and that only , is the taxable income . This the fiduciary may be required to accumulate ; or , on the other hand , he may be under a duty currently to distribute it . If the latter , then the scheme of the Act is to treat ...
... operation , and that only , is the taxable income . This the fiduciary may be required to accumulate ; or , on the other hand , he may be under a duty currently to distribute it . If the latter , then the scheme of the Act is to treat ...
Page 187
... operation is likened to the using up of raw material in making the product of a manufacturing estab- lishment , As the cost of the raw material must be de- ducted from the gross income before the net income can be determined , so the ...
... operation is likened to the using up of raw material in making the product of a manufacturing estab- lishment , As the cost of the raw material must be de- ducted from the gross income before the net income can be determined , so the ...
Page 188
... operation , and that only , is the taxable income . . . . But as the tax on the entire net income of the trust is to be paid by the fiduciary or the beneficiaries or partly by each , the beneficiary's share of the income is considered ...
... operation , and that only , is the taxable income . . . . But as the tax on the entire net income of the trust is to be paid by the fiduciary or the beneficiaries or partly by each , the beneficiary's share of the income is considered ...
Page 224
... operation of those provisions . We are of the opinion that in such a case the statutory provision relating to the repeal of statutes by the Congress has no application . 2 The text of the provision is as follows : " The repeal of any ...
... operation of those provisions . We are of the opinion that in such a case the statutory provision relating to the repeal of statutes by the Congress has no application . 2 The text of the provision is as follows : " The repeal of any ...
Page 236
... operation as an income - producing property . " This esti- mate gave a total cost of reproduction new less deprecia- tion ( the estimate being exclusive of two other elements of alleged intangible value described as " attached busi ...
... operation as an income - producing property . " This esti- mate gave a total cost of reproduction new less deprecia- tion ( the estimate being exclusive of two other elements of alleged intangible value described as " attached busi ...
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Common terms and phrases
action affirmed amount appellee applied Argument assets Assn Attorney authority bankruptcy beneficiaries bond Brian Holland Circuit Court Circuit denied claim clause Clayton Act Commission Commissioner Commonwealth Congress Constitution contract Corp corporation Court of Appeals decision defendant Delaware delivered the opinion deposits District Court dividend due process effect evidence February February 19 Federal Trade Comm'n Federal Trade Commission filed Fourteenth Amendment held Helvering holding company Illinois income interest interstate commerce judge judgment jurisdiction jury JUSTICE legislative liability Lumber March March 19 Marvin Smith ment Messrs milk National Bank Ohio paid payment Petition for writ petitioner Pigeon River plaintiff pledge privilege provisions Q. R. Co question reason refund Reported respondent rule Solicitor General Biggs Stat statute suit supra Supreme Court surety taxpayer Thalweg tion treaty trial Trust United waiver writ of certiorari
Popular passages
Page 213 - Provided, That no such employee who may be injured or killed shall be held to have been guilty of contributory negligence in any case where the violation by such common carrier of any statute enacted for the safety of employees contributed to the injury or death of such employee.
Page 1 - That all levies, judgments, attachments, or other liens, obtained through legal proceedings against a person who is insolvent, at any time within four months prior to the filing of a petition in bankruptcy against him, shall be deemed null and void in case he is adjudged a bankrupt...
Page 222 - Section 3. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by conventions in the several States, as provided in the Constitution, within seven years from the date of the submission hereof to the States by the Congress.
Page 105 - Even so, they are not of the very essence of a scheme of ordered liberty. To abolish them is not to violate a "principle of justice so rooted in the traditions and conscience of our people as to be ranked as fundamental.
Page 501 - So far as the requirement of due process is concerned, and in the absence of other constitutional restriction, a State is free to adopt whatever economic policy may reasonably be deemed to promote public welfare, and to enforce that policy by legislation adapted to its purpose.
Page 521 - But neither property rights nor contract rights are absolute ; for government cannot exist if the citizen may at will use his property to the detriment of his fellows, or exercise his freedom of contract to work them harm. Equally fundamental with the private right is that of the public to regulate it in the common interest.
Page 615 - In respect of any act or transaction of his in carrying on the business connected with such property, without the previous leave of the court in which euch receiver or manager was appointed...
Page 501 - It is clear that there is no closed class or category of businesses affected with a public interest, and the function of courts in the application of the Fifth and Fourteenth Amendments is to determine in each case whether circumstances vindicate the challenged regulation as a reasonable exertion of governmental authority or condemn it as arbitrary or discriminatory. Wolff Packing Co. v. Court of Industrial Relations, 262 US 522, 535. The phrase "affected with a public interest...
Page 148 - It being understood that all the water communications and all the usual portages along the line from Lake Superior to the Lake of the Woods, and also Grand Portage, from the shore of Lake Superior to the Pigeon River, as now actually used, shall be free and open to the use of the citizens and subjects of both countries.
Page 184 - ... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year...