Gulf, Mobile & Northern Railroad v. Helvering
Cases that cite this one
6 later published cases cite this decision.
- Southern Natural Gas Company v. The United States (Court of Claims 1969)
- Commissioner v. Idaho Power Co. (Supreme Court of the United States 1974)
- Baboquivari Cattle Co. v. Commissioner (United States Board of Tax Appeals 1942)
- American Packing & Provision Co. v. Commissioner (United States Board of Tax Appeals 1937)
- Southern Ry. Co. v. Commissioner of Internal Revenue (4th Cir. 1935)
- Boston Elevated Railway Co. v. Commisssioner (United States Board of Tax Appeals 1941)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion
Stone delivered the opinion of the Court.
Certiorari was granted in this case “ limited to the question of the right of the taxpayer to deductions on account of amortization of bond discount.” At various dates between 1913 and 1916, Meridian & Memphis Railway Company sold its thirty-year 5% gold bonds at a discount. During the years 1924 to 1926, inclusive, while petitioner was the owner and holder of the entire bond issue, it joined with the Meridian & Memphis in filing consolidated income tax returns as affiliated corporations. In each year the latter deducted from gross income the amortized bond discount. The deductions were disallowed by the Commissioner. His action was sustained by the Board of Tax *296 Appeals, 22 B. T. A. 233, and by the Court of Appeals for the District of Columbia. 71 F. (2d) 953. The question presented is the same as that decided this day in No. 107, Old Mission Portland Cement Co. v. Helvering, ante, p. 289. The judgment of the court below was therefore right and is
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.