{"id":"LAW-475","kind":"law","level":"law","jurisdiction":"","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"Supreme Court of the United States (Blackmun, J.)","authority":"Frank Lyon Co. v. United States, 435 U.S. 561 (1978)","instrument":"Frank Lyon Co. v. United States, 435 U.S. 561 (1978)","title":"Frank Lyon Co. v. United States, 435 U.S. 561 (1978)","dateIssued":"1978-04-18","effective":"","end":"","startDate":"1978-04-18","endDate":"","quarters":[],"types":[],"addressees":[],"clause":"","enforcement":"","functions":[],"notes":"\u0027In applying this doctrine of substance over form, the Court has looked to the objective economic realities of a transaction rather than to the particular form the parties employed. The Court has never regarded \u0022the simple expedient of drawing up papers\u0022... as controlling for tax purposes when the objective economic realities are to the contrary\u0027 (at 573) (quoting Commissioner v. Tower, 327 U.S. 280, 291 (1946), and citing Lazarus at 255 and Court Holding at 334).","sourceUrl":"https://tile.loc.gov/storage-services/service/ll/usrep/usrep435/usrep435561/usrep435561.pdf","snapshot":"","fileExists":true,"fileBytes":962481,"grade":"primary","character":"case","description":"","collection":"LEG-D","url":"/library/LAW-475","exhibitUrl":"/exhibit/LAW-475","citation":"Supreme Court of the United States (Blackmun, J.), Frank Lyon Co. v. United States, 435 U.S. 561 (1978) (Apr. 18, 1978) (Ex. LAW-475)","stateName":"","related":[]}