Commissioner of Corporations & Taxation v. Simmon

This is an appeal by the commissioner of corporations and taxation from a decision of the Board of Tax Appeals abating an income tax. The case involves the validity of a tax on income alleged to have been received during the year 1930, by David A. Simmon, the applicant for abatement. The relevant facts are these: A resident of New York died in 1923 leaving a will whereby funds were bequeathed in equal sums to each of two trust companies in New York in trust to invest and keep invested for his grandnephew, said David A. Simmon, “until he reaches the age of twenty-one, and then to be paid to…