State Tax Commission v. New England Merchants National Bank of Boston

These are appeals by the State Tax Commission (commission) from decisions of the Appellate Tax Board granting the New England Merchants National Bank of Boston as trustee income tax abatements with regard to several trusts. The cases were heard in the Appellate Tax Board on stipulations.

The trusts were established under the wills of Ralph T. Entwistle and Manuel H. Lombard, residents of Massachusetts. The trustee filed income tax returns for the fiscal year ending August 31, 1962, showing no tax due the Commonwealth. The commission assessed income taxes with regard to both trusts on capital…