Boston Safe Deposit & Trust Co. v. Commissioner of Corporations & Taxation

■ Rugg, C.J.

This is a complaint under G. L. c. 62, § 47, against the defendant for abatement of an income tax. The case comes before us upon the pleadings and an agreed statement of facts by report without decision by a judge of the Superior Court. The complainant as trustee under the will of one Wilbur was in 1924 owner of 600 shares of stock in the Pawtucket Hair Cloth Company, hereafter called the Pawtucket Company, and hable to taxation on whatever income it received from such shares.' Wilbur died in 1914, having acquired the stock during his fife. The Pawtucket Company was incorporated…