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Judgment Search Results Home > Cases Phrase: income tax act Sorted by: old Year: 1879 Page 1 of about 7 results (0.086 seconds)

1879

Wright Vs. Blakeslee

Court : US Supreme Court

Decided on : Jan-01-1879

..... tax is provided for in a distinct section, to-wit, sec. 148 of the act of 1864 (as amended by the act of 1866), which is found in immediate collection with the sections relating to the ..... and returns to be made by parties taxable under the law. so sec. 118 (as amended by the act of march 2, 1867), which also imposed a penalty of fifty percent for such neglect and refusal, and was relied on by the court below, related only to the income tax. but the penalty for failing to return and give notice of a succession ..... , deed, or laws of descent by reason whereof any person shall become beneficially entitled in possession or expectancy to any real estate or the income thereof upon the death of any person dying after the passing of this act shall be deemed to confer on the person entitled by reason of any such disposition a 'succession,' and the term 'successor' shall denote ..... statute of limitations. we think that the defense of the statute of limitations cannot be maintained. under the nineteenth section of the act of july 13, 1866, 14 stat. 152, no suit could be maintained for the recovery of a tax illegally collected until appeal should have been duly made to the commissioner of internal revenue and his decision had thereon. the .....

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1879

Railroad Company Vs. Collector

Court : US Supreme Court

Decided on : Jan-01-1879

..... , is essentially an excise on the business of the class of corporations mentioned in the statute. the section is a part of the system of taxing incomes, earnings, and profits adopted during the late war, and abandoned as soon after that war was ended as it could be done safely. the ..... and waterways for the transportation of persons and property, and the manifest purpose of the law was to levy the tax on the net earnings of such companies. how were these "earnings, profits, incomes, or gains" to be most certainly ascertained? in every well conducted corporation of this character these profits were disposed ..... the case is of little consequence as regards any principle involved in it as a rule of future action. the tax was assessed under sec. 122 of the internal revenue law, as amended by the act of 1866. what is pertinent to this case reads as follows: "any railroad, canal, turnpike, canal navigation, or ..... its payment might be secured, this tax was laid on the subjects to which these earnings were ..... the district of massachusetts syllabus 1. the tax on interest paid by corporations under sec. 122 of the internal revenue law, as amended by the act of july 13, 1888, 14 stat. 138, is an excise tax on their business, to be paid by them out of their earnings, income, and profits. 2. in order that .....

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1879

Railroad Company Vs. United States

Court : US Supreme Court

Decided on : Jan-01-1879

..... that at the present term we held, in railroad company v. collector, 100 u. s. 595 , that the tax levied under the act now in question was essentially a tax on the business of the corporation, and that in order to secure its payment it was laid on the subjects to ..... case. sec. 3220 of the revised statutes authorizes the commissioner of internal revenue, "on appeal to him made, to remit, refund, and pay back all taxes . . . that appear to be unjustly assessed, or excessive in amount, or in any manner wrongfully collected." it does not appear that this claim ..... illinois railroad company, by the letter of first instant, 3,866.66 dollars in certificate of deposit 689, issued by first national bank, milwaukee, on account of internal revenue tax on interest on bonds." "c. h. parsons" " cashier internal revenue " " treasurer northern illinois railroad company, racine, wis. " "the first national bank of milwaukee ..... a tax of two and one half percentum on the amount of all interest or coupons paid on bonds or other evidences of debt issued and payable in one or more years after date, by any [railroad company], and on the amount of all dividends of page 101 u. s. 550 earnings, income, or ..... gains hereafter declared, . . . whenever and wherever the same shall be payable, . . . and on all undivided profits . . . which have accrued and been earned and added to any surplus, contingent, or other fund." the interest in this case was neither payable nor paid in 1871, and as the tax is .....

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1879

Pacific Railroad Vs. Ketchum

Court : US Supreme Court

Decided on : Jan-01-1879

..... purchasers, if the purchase should be made on account of the bondholders. leave was also given the trustees of the mortgage to continue exchanges for the income and improvement bonds still outstanding. it was also ordered that nothing in the decree should be construed to prejudice in any manner the claim of st ..... . this being done, all the several parties appeared in court by their respective solicitors, and the court having found, among other things, the amount of income and improvement bonds of the company outstanding, and that the entire amount of the bonds secured by the third mortgage had page 101 u. s. 294 ..... was appointed with the usual authority, and vail and fish, as trustees, were authorized to exchange the bonds secured by the third mortgage for the income and improvement bonds in accordance with the terms of the mortgage, and akers and the county of st. louis were given leave to file a cross ..... -complainants with him, the suit was not between citizens of different states, and therefore not within the jurisdiction of the circuit court. the first section of the act of march 3, 1875, 18 stat., part 3, 470, provides "that the circuit courts of the united states shall have original cognizance . . . of ..... then alleged the nonpayment of interest falling due nov. 1, 1875, after due demand made; that there was a large amount of money due for taxes; that the company was without means to pay them and its valid obligations in full as the later became due; that its commercial paper had been .....

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1879

Crampton Vs. Zabriskie

Court : US Supreme Court

Decided on : Jan-01-1879

..... section authorizes the board to assess and collect money by taxation, for the use of the county, at a different time from the assessment for the state tax. an act approved feb. 26, 1874, designates the 1st of december as the commencement of the fiscal year of the board for the county of hudson; and its ..... , the fiscal year commenced on the first day of december of each year, and the expenditures of the board were restricted to the amount raised by tax for that year, unless by the spread of an epidemic or a contagious disease a greater expenditure should be required, and the amount to be raised ..... 101 u. s. 605 any term not exceeding three years, or both, at the discretion of the court." "2. and be it enacted, that this act shall take effect immediately." the members of the board of chosen freeholders are elected at the spring charter and township elections, and hold their offices for one year ..... of the bill, and also restrained crampton from suing for the value of the lots. he thereupon appealed. the boards of chosen freeholders are created by the act of april 16, 1846, bodies corporate and politic, and invested with certain powers, among which is that of purchasing, receiving, and holding lands in trust to ..... in a more emphatic way the will of the legislature that the board should not incur for the county any obligations beyond its income previously provided by taxation -- in other words, that the expenses of the county should be based upon and never exceed moneys in its treasury or .....

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1879

Ayers Vs. Chicago

Court : US Supreme Court

Decided on : Jan-01-1879

..... municipal corporation, against loss by reason of the indebtedness of gage as treasurer of the city. the trustee was authorized to take possession of and manage the property, collect the income, pay taxes, &c.;, and, under the direction and with the concurrence of the comptroller of the city, sell and page 101 u. s. 185 convey the property as soon as it ..... the parties to said suit have been improperly or collusively made or joined, either as plaintiffs or defendants, for the purpose of creating a case cognizable or removable under this act, the said circuit court shall proceed no further therein, but shall dismiss the suit or remand it to the court from which it was removed, as justice may require, and ..... which an appeal lies. this motion was submitted with the case on its merits. page 101 u. s. 187 there is no doubt of our jurisdiction. sec. 5 of the act of 1875, 18 stat., part 3, 472, is as follows: "that if, in any suit commenced in a circuit court or removed from a state court to a circuit court .....

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Jun 24 1879 (PC)

ishri Dutt Koer and ors. Vs. Hunsbutti KeraIn and ors.

Court : Kolkata

Decided on : Jun-24-1879

Reported in : (1880)ILR5Cal512

..... rights between her heirs and the reversionary heirs of her husband. the case, moreover, was governed by the law of bengal, and the accumulations of income, to which the widow was declared absolutely entitled, were the produce of a reserve fund. their lordships cannot, therefore, regard this case as a conclusive ..... the privy council, whether she could be in any way restrained, however wasteful her expenditure, so long as she kept within the limits of her income, and made no attempt at alienation.' (here the learned judge obviously refers to alienation of the corpus, and this probably was overlooked when the ..... the judgment of the court, said (p. 340): 'there are certainly no materials for a determination whether she (the widow) bought it out of current income or accumulations. but we are inclined to think this enquiry unimportant, and to base our decision, if necessary, on a broader and clearer ground, viz., that ..... a widow clearly cannot give away property purchased out of the profits of her husband's estate, whether the purchase-money be taken from current income or from past accumulations; but that view was expressly dissented from by the learned judges who concurred with him generally on the question before ..... 's estate, the widows had a right to dispose of the income at their own pleasure, and although they have converted it into land, this does not alter the character of their right.13. the general effect of section 15, act viii of 1859, was fully discussed in the case of kathama .....

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