Procedural History
In the ensuing litigation, the Board of Tax Appeals (a predecessor to today’s United States Tax Court) ruled in favor of the taxpayer. See Gregory v. Commissioner, 27 B.T.A. 223 (1932). However, on appeal the United States Court of Appeals for the Second Circuit reversed the Board of Tax Appeals, ruling in favor of the Commissioner. See Helvering v. Gregory, 69 F.2d 809 (2d Cir. 1934).
Read more about this topic: Gregory V. Helvering
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