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Spring City Foundry Co. v. Commissioner
291 U.S. 656
SCOTUS
1934
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The petition for writs of certiorari to the Circuit Court of Appeals for the Seventh Circuit is granted limited to the question whether a debt ascertained to be partially worthless in 1920 was deductible in that year under either § 234 (a) (4) or § 234 (a) (5) and to the question whether the debt was returnable as taxable income in that year to the extent that it was then ascertained to be worthless.

Case Details

Case Name: Spring City Foundry Co. v. Commissioner
Court Name: Supreme Court of the United States
Date Published: Mar 5, 1934
Citation: 291 U.S. 656
Docket Number: Nos. 727 and 728
Court Abbreviation: SCOTUS
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