Legal Opinion
Commissioner of Internal Revenue v. Betts
Court of Appeals for the Seventh Circuit
Decided November 26, 1941No. 7683PublishedCited by 19 opinions
1Opinion of the Court
LINDLEY, District Judge.
Petitioner questions a decision of the Board of Tax Appeals absolving respondent taxpayer from any deficiency in income tax for the years 1935, 1936 and 1937.
Respondent has for many years been extensively engaged in the securities brokerage business, being, at the time of the hearing, Chairman of the Board of Governors of the Chicago Stock Exchange. On February 5, 1932, he created a trust, depositing with the trustee certain securities. The original indenture and amendments thereto .made in October, 1933, provided that during the settlor’s life-time, the income…
2Cases cited36 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Hormel v. HelveringSupreme Court of the United States · 1941
- Helvering v. HallockSupreme Court of the United States · 1940
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- Nichols v. CoolidgeSupreme Court of the United States · 1927
31 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Vercio v. CommissionerUnited States Tax Court · 1980
- Suhr v. CommissionerCourt of Appeals for the Sixth Circuit · 1942
- Kohnstamm v. PedrickCourt of Appeals for the Second Circuit · 1945
- Jergens v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1943
- Commissioner of Internal Revenue v. KatzCourt of Appeals for the Seventh Circuit · 1943
14 more not listed; retrieve them via the Exa API.