Legal Opinion
Buckley v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 17, 1933No. 2PublishedCited by 8 opinions
1Opinion of the CourtChase, Circuit Judge
(after -stating the facts as above).
The petitioner claims that what has been called income and taxed is only a restoration of the principal of the award which would have been received by the remainderman had there been no election by the life tenant to take a lump sum in lieu of income. No doubt this is the theory designed to be worked out by the operation of the law under which the payment was made to the life tenant and the remainder invested and held. It was so recognized in respect to this very fund in Matter of Tucker, 187 App. Div. 502, 175 N. Y. S. 769, affirmed 228 N. Y. 505, 126 N.…
2Cases cited13 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- In Re TylerSupreme Court of the United States · 1893
- Willcutts v. BunnSupreme Court of the United States · 1931
8 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Commissioner of Internal Revenue v. OwensCourt of Appeals for the Tenth Circuit · 1935
- DeBrabant v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1937
- McRitchie v. CommissionerUnited States Tax Court · 1956
- Saxe v. AndersonDistrict Court, S.D. New York · 1937
- Security-First Natlional Bank v. United StatesDistrict Court, S.D. California · 1960
3 more not listed; retrieve them via the Exa API.