United States v. Kirby Lumber Company

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United States v. Kirby Lumber Company
by Oliver Wendell Holmes, Jr.
Syllabus

United States v. Kirby Lumber Co., 284 U.S. 1 (1931), was a case in which the United States Supreme Court held that when a corporation settles its debts for less than the face amount, a taxable gain has occurred.

881522United States v. Kirby Lumber Company — SyllabusOliver Wendell Holmes, Jr.

United States Supreme Court

284 U.S. 1

United States  v.  Kirby Lumber Company

 Argued: Oct. 21, 1931. --- Decided: Nov 2, 1931

The Attorney General and Mr. Charles B. Rugg, Asst. Atty. Gen., for the United States.

Mr. Robert Ash, of Washington, D. C., for respondent.

Mr. Justice HOLMES delivered the opinion of the court.

Notes

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This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).

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