Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Gregory v. Helvering 293 U.S. 465 (1935) was a landmark decision by the United States Supreme Court concerned with U.S. income tax law. The case is cited as part of the basis for two legal doctrines: the business purpose doctrine and the doctrine of substance over form. The business purpose doctrine is essentially that where a transaction has no substantial business purpose other than the avoidance or reduction of Federal tax the tax law will not regard the transaction.