Atlas Life Ins. Co. v. Commissioner
United States Board of Tax Appeals
1. Petitioner is entitled to include in its reserves required by law the reserve required to cover liability under the coupons attached to the guaranteed premium reduction policies issued by petitioner. Standard Life Ins. Co. of America,13 B.T.A. 13; affd., 47 Fed.(2d) 218; Farmers Life Ins. Co.,27 B.T.A. 423. 2. Rental value of space occupied by petitioner in its home office building is not required to be included in gross income. Independent Life Ins.
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1. Petitioner is entitled to include in its reserves required by law the reserve required to cover liability under the coupons attached to the guaranteed premium reduction policies issued by petitioner. Standard Life Ins. Co. of America,13 B.T.A. 13; affd., 47 Fed.(2d) 218; Farmers Life Ins. Co.,27 B.T.A. 423. 2. Rental value of space occupied by petitioner in its home office building is not required to be included in gross income. Independent Life Ins. Co.,17 B.T.A. 757; affd., 67 Fed.(2d) 470. 3. Rent received from tenants of home office building, which was erected by petitioner on land…
1Opinion of the Court
ATLAS LIFE INSURANCE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Atlas Life Ins. Co. v. Commissioner
Docket Nos. 40544, 40751, 67199.
United States Board of Tax Appeals
29 B.T.A. 750; 1934 BTA LEXIS 1483;
January 16, 1934, Promulgated
1. Petitioner is entitled to include in its reserves required by law the reserve required to cover liability under the coupons attached to the guaranteed premium reduction policies issued by petitioner. Standard Life Ins. Co. of America,13 B.T.A. 13; affd., 47 Fed.(2d) 218; Farmers Life Ins. Co.,27 B.T.A. 423.
2. Rental value of space occupied…
2Cases cited5 opinions
- Burnet v. A. T. Jergins TrustSupreme Court of the United States · 1933
- Independent Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Farmers Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Standard Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Atlas Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1934