 | United States. Supreme Court - 1940 - 894 pages
...p. 469, saying: ". . . The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted." So well settled had the judicial interpretation become that the Treasury determined... | |
 | United States. Court of Claims, Audrey Bernhardt - 1949 - 832 pages
...the Supreme Court said : The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. 460 Opinion of the Court The court cited as authority for this statement United... | |
 | United States. Court of Claims, Audrey Bernhardt - 1955 - 908 pages
...settled that taxpayers have the legal right to decrease the amount of what otherwise would be their taxes, or altogether avoid them, by means which the law permits. But the means adopted are subject to scrutiny, and, in a proper case, may be ignored for tax purposes.... | |
 | United States. Interstate Commerce Commission - 1930 - 826 pages
...Reduction of tax payments. — The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them by means which the law permits, cannot be doubted. In general, a tax saving lawfully attained, is a proper objective. — Savannah... | |
 | United States. Board of Tax Appeals - 1936 - 1468 pages
...sustained through sales. " The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, can not be doubted." Gregory v. Helver'mg, 293 US 465 (and cases cited therein ) . To the same effect... | |
 | United States. Bureau of Employment Security - 1942 - 1774 pages
...what the statute allows. The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. The work contracted for in the agreement before us is the making of sales. In that... | |
 | United States. Congress. Senate. Committee on Finance - 1962 - 1080 pages
...Helvering, 293 US 465 (1935) "(tjhe legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted." Accordingly, It is clearly recognized by Judicial authorities that the separate... | |
 | United States. Congress. Senate. Special Committee on Aging - 1967 - 1378 pages
...following REPORT INTRODUCTION "The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted." Gregory v. Helvering, 293 US 465, 469 (1935). Time and time again the Internal... | |
 | United States. Tax Court - 1954 - 1200 pages
...shares were legally acquired, no business purpose need be shown. While a taxpayer has the legal right to decrease the amount of what would otherwise be...altogether avoid them by means which the law permits (Gregory v. Helvering, 293 US 465, 469), since the substance and not the form controls, the realities... | |
 | United States. Tax Court - 1959 - 1470 pages
...contended by the petitioner, a taxpayer has the legal right to decrease the amount of what otherwise "ould be his taxes, or altogether avoid them, by means which the law permits. Gregory v. Helvering, 293 US 465. However, in that case the Supreme Court refused to be bound by the... | |
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The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. 
