Suffolk Securities Corp. v. Helvering
This text of 128 F.2d 743 (Suffolk Securities Corp. v. Helvering) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The chief question upon this appeal turns on Post’s purpose in allowing the money to accumulate in the taxpayer’s treasury; that was a question of fact as to which there was substantial evidence to support the finding of the Board.
The deductions claimed were likewise correctly disallowed; they were either deductible in other years, or not deductible at all. The result as to them also depended upon questions of fact and there was substantial evidence to support the Board’s findings.
Order affirmed.
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Cite This Page — Counsel Stack
128 F.2d 743, 29 A.F.T.R. (P-H) 710, 1942 U.S. App. LEXIS 3698, Counsel Stack Legal Research, https://law.counselstack.com/opinion/suffolk-securities-corp-v-helvering-ca2-1942.