Case: Spring City Foundry Co. v. Commissioner of Internal Revenue
Abbreviation: Spring City Foundry Co. v. Commissioner
Decision Date: 1934-03-05
Docket Number: Nos. 727 and 728
Citation: 291 U.S. 656
Volume: 291
Reporter: United States Reports
Court: Supreme Court of the United States
Jurisdiction: United States
Parties: Spring City Foundry Co. v. Commissioner of Internal Revenue.
Judges: 
Pages: 656–656

Head Matter:
Nos. 727 and 728.
Spring City Foundry Co. v. Commissioner of Internal Revenue.
March 5, 1934.
Messrs. Edgar L. Wood and Richard H. Tyrrell for petitioner. Solicitor General Biggs for respondent.

Opinion:
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.