United States v. Cleveland, Cincinnati, Chicago & St. Louis Railway Co.

Citations

• 247 U.S. 195
• 38 S. Ct. 472
• 62 L. Ed. 1064
• 1918 U.S. LEXIS 1970

Syllabus

<p>A railroad company bought shares of another railroad company before, and sold them after, Dec* mber 31, 1908. Held, that only so much of the profit as accrued after that date was “income,” within the Corporation Tax Act. Doyle v. Mitchell Brothers Co., ante, 179; Hays v. Gauley Mountain Coal Co., ante, 189.</p>