Opinion · Supreme Court of the United States

Bloomfield Steamship Co. v. United States

Bloomfield S.S. Co. v. United States, 385 U.S. 1004 (1967)

Type
Opinion
Court
Supreme Court of the United States
Jurisdiction
Federal
Date
1967-01-09
Topic
general

How later courts describe this case

  • holding “Section 163(a) does not ‘intend’ that taxpayers should be permitted deductions for interest paid on debts that were en tered into solely in order to obtain a deduction”
  • involving the purchase of Government securities with "borrowed” funds

Citator

UpLaw has not yet analyzed Bloomfield Steamship Co. v. United States. The absence of a flag is not a finding that it is good law.

Cited by
41 opinions

C. A. 5th Cir. Certiorari denied.