Helvering v. Gerhardt

[Syllabus from pages 405-407 intentionally omitted]

Messrs. Homer S.C.ummings, Atty. Gen., and Golden W. Bell, Asst. Sol. Gen., for petitioner.

Mr. Julius Henry Cohen, of New York City, for respondents.

Mr. Henry Epstein, of Albany, N.Y., for the State of New York and 26 other states, as amici curiae.

Mr. Justice STONE delivered the opinion of the Court.